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Asharq Al-Awsat
Asharq Al-Awsat
Business
Dubai - Mosaed al-Zayani

Saudi Arabia, UAE Say OPEC+ Mission Is to Stabilize Market

OPEC Abdulaziz bin Salman UAE Saudi Arabia Mazrouei Suhail AlMazrouei
Saudi Energy Minister Prince Abdulaziz bin Salman and UAE Energy Minister Suhail al-Mazrouei at the World Government Summit in Dubai. (Asharq Al-Awsat)

Saudi Arabia and the UAE reiterated that OPEC+ has only a mission to "stabilize the market," adding that the alliance keeps politics out of its decision-making in favor of the "common good" of energy prices.

Saudi Energy Minister Prince Abdulaziz bin Salman stressed that the focus is on balancing crude oil markets and satisfying the needs of consumers.

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