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Al Jazeera
Al Jazeera
World
Fidelis Mbah

OPEC does not control price of oil, says cartel chief

OPEC and its allies will meet on Wednesday as oil prices rally [File: Heinz-Peter Bader/Reuters]

Ministers from the Organization of the Petroleum Exporting Countries (OPEC) and allies, known as OPEC+, will meet virtually on February 1. The meeting comes as the price of oil has rallied towards $90 a barrel.

Al Jazeera spoke to OPEC President Gabriel Mbaga Obiang Lima — who is also Equatorial Guinea’s hydrocarbons minister — about issues confronting the organisation. The interview has been edited for clarity.

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