The Secretary-General of the Organization of Arab Petroleum Exporting Countries (OAPEC), Ali bin Sabt, said the OPEC+ decision to cut oil production is correct and was taken at the right time.
In a press statement issued by OAPEC on Saturday, bin Sabt confirmed that the "decision took into account the uncertainty surrounding the performance of the global economy," as its growth rate is expected to drop by about three percent during 2023.
