Saudi Energy Minister Says Oil Market To Keep Stable If Everyone Honors Output Cut Deal

Saudi Energy Minister Says Oil Market to Keep Stable If Everyone Honors Output Cut Deal

Saudi Energy Minister Prince Abdulaziz Bin Salman Al Saud has declined to speculate on a possible oil price crash, saying that the market will be stable if all OPEC+ nations comply with the output cut deal

MADRID (Pakistan Point News / Sputnik - 11th December, 2019) Saudi Energy Minister Prince Abdulaziz Bin Salman Al Saud has declined to speculate on a possible oil price crash, saying that the market will be stable if all OPEC+ nations comply with the output cut deal.

"I don't talk about prices, I talk about market stabilization. I think if everybody attends to their commitments we will have stable oil market," the minister told Sputnik, when asked about a possible price crash if the current OPEC+ deal does not hold.