Categories: Business

OPEC+ decisions are purely technical to strike balance between supply, demand


Sun, 2022-10-16 20:32

ALGIERS: OPEC Secretary-General Haitham Al-Ghais said on Sunday OPEC+ decisions were purely technical, and that the producer group took a pre-emptive decision referring to production cuts. 

Responding to a question about reviewing the decision, he said “there is always a space for flexibility” in the oil producers’ alliance.

He was speaking at a press conference in Algeria. Al-Ghais said there are other oil producing nations who want to join the alliance.

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