Saudi minister urges caution on oil production levels ...Egypt

FRANKFURT, Germany (AP) — Saudi Arabia’s energy minister took a cautious view of any increase in oil production as members of the OPEC cartel met Thursday with allied non-member countries to decide production levels. Speaking ahead of the meeting, Abulaziz bin Salman said the approach taken at the alliance’s gathering last month to leave production levels largely unchanged had been correct, given the ongoing uncertainty about the course of the COVID-19 pandemic. “Unfortunately, we have been proved right by subsequent developments,” he said. OPEC and allied non-members — dubbed OPEC Plus — have decided to meet monthly to review the production cuts of just over 7 million barrels per day impose

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Saudi minister urges caution on oil production levels ...Egypt

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