Saudi Arabian Energy Minister Prince Abdulaziz bin Salman Al Saud stressed on Monday the expanded Organization of the Petroleum Exporting Countries (OPEC+) is fulfilling its obligations toward the international oil market, APA reports citing Teletrader.
Speaking at the Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC), the minister claimed that what is happening at the oil market is to blame for the ongoing energy shortage. He added he expects oil inventories to increase from December.
The prince recently warned the current stocks of gasoline and gas are low and urged global leaders to "pay serious attention" when deciding on the next steps on the matter.
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