Energy Minister: It is too early to declare victory over coronavirus

Energy Minister: It is too early to declare victory over coronavirus

RIYADH — Minister of Energy Prince Abdulaziz Bin Salman emphasized that it is too early to declare victory over coronavirus and hence oil producers must continue to exercise utmost caution.“We are in a much better position than we were a year ago, but there is a lot of ambiguity and we have to be very careful,” he said while inaugurating the 11th symposium on energy outlooks, organized jointly by the International Energy Forum, the International Energy Agency and the Organization of Petroleum Exporting Countries (OPEC).Leaders of global energy industry gathered to discuss the way forward after the most tumultuous year in the history of energy sector. The Riyadh-based International Energy Forum (IEF) is the world's largest international organization of energy ministers from 70 countries and includes both producing and consuming countries.Prince Abdulaziz said that a lot of incidents have happened since the last meeting of IEF held in February 2020.“At that time, we were able to meet face to face as we were in the early phases of this crisis,