Prince Abdulaziz bin Salman urges OPEC+ producers� alliance to decide oil output levels

(MENAFN)Prince Abdulaziz bin Salman, Saudi Arabia�s energy minister, called on the OPEC+ producers� coalition to work out caution ahead of a key assemble to settle on oil output levels for the 23 members over the next month. He further stated to ministers ahead at the monthly assembly that �Until the evidence of the recovery is undeniable, we should maintain this cautious stance.� He added that global oil demand recovery was rough in light of the pandemic affect to economic expansion. The prince declared that �For most part, the market is on a stable footing and stocks continue to draw down. In some parts of the world, such as the US and the UK, the rollout of vaccines has been very effective.� He also said that �But in the Eurozone, infection rates continue to rise, and countries are reimposing full or partial lockdowns and extending restrictions to combat a third wave.