This is reported by the Saudi state news agency SPA with reference to the Minister of Energy of Saudi Arabia, Prince Abdulaziz bin Salman.
“The current OPEC+ production cut of 2 million barrels per day continues until the end of 2023, and if there is a need to take additional measures to reduce production in order to balance supply and demand, we are always ready to intervene,” the agency quotes the minister.
On October 5, oil producers OPEC + at a meeting agreed to reduce production by 2 million barrels per day from November.
After that, Washington said that Biden was disappointed with the decision of OPEC +.
The American leader also said that the United States will respond to the decision of Saudi Arabia to support the reduction in oil production in OPEC +.