Saudi Energy Minister Calls for Trusting OPEC+

Saudi Energy Minister Calls for Trusting OPEC+

Saudi Energy Minister Prince Abdulaziz bin Salman reiterated on Saturday that OPEC+ does not interfere in politics.

"We are a responsible group of countries, we do take policy issues relevant to energy and oil markets in a total silo and we don't engage ourselves in political issues," the prince said.

Asked during an industry conference in Riyadh what lessons had been learnt from energy market dynamics in 2022, Prince Abdulaziz said the most important one was for the rest of the world to "trust OPEC+."

He also hoped sanctions would not result in a shortage of energy supplies in future.

In an answer to a question over how trade measures would affect the energy market, Prince Abdulaziz told the conference: "All of those so-called sanctions, embargoes, lack of investments, they will convolute into one thing and one thing only, a lack of energy supplies of all kinds when they are most needed.”