The South African president welcomes OPEC + decision on stabilizing oil markets

South African President Cyril Ramaphosa welcomed OPEC + and Saudi Arabia decision in on the stability of the oil markets.

It is worth noting that Saudi Energy Minister Prince Abdulaziz bin Salman said on Friday that the OPEC + group is doing what is necessary to ensure that oil markets are stable and sustainable.

This has come in answers questions related to OPEC + ‘s recent decision to reduce oil production by two million barrels per day, according to Reuters.

The recent period has seen extensive international and Arab solidarity with the position of the OPEC + alliance and its policies aimed at maintaining the balance and stability of the oil markets.

Interestingly, the OPEC + group, which includes the Organization of the Petroleum Exporting Countries (OPEC) and some major producers outside of it, decided earlier this month to reduce oil production by two million. barrels a day, starting next November.

Read More About: Business News