Saudi Arabian Energy Minister Abdulaziz bin Salman Al Saud (pictured) reiterated on Tuesday that politics is "out" of the Organization of the Petroleum Exporting Countries and its partners' (OPEC+) "decision-making process, assessments and forecasting," and insisted those are based purely on the events on the oil market.
"The problem with politicizing statistics and forecasting and using them to discredit OPEC+ and its stabilizing role is that it agitates consumers and creates confusion in the market and gives rise to anomalies and misguided interpretations, all of which contribute to unnecessary volatility," he told the Saudi Press Agency.
"As OPEC+, we will not hesitate in handling any market situation. The more credible we are, the easier our task is in bringing stability to markets, and the more stability we bring, the greater our credibility is cemented and recognized," the minister concluded.
