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Riyadh-hosted energy market event focuses on COVID-19 pandemic, global outlook

DUBAI: Prince Abdul Aziz bin Salman, the Saudi energy minister, has warned global oil markets against the “futility” of trying to second-guess the OPEC+ oil alliance's next crucial move. Speaking to other ministers and energy policymakers at a forum held virtually from Riyadh, he said that the world had to learn the lessons of last year’s dramatic gyrations in oil prices.

Petroleum Minister appeals to oil-producing countries to ease production cuts to stabilise global economic recovery

Petroleum Minister appeals to oil-producing countries to ease production cuts to stabilise global economic recovery ANI | Updated: Feb 17, 2021 23:24 IST New Delhi [India], February 17 (ANI): In his address at the IEA-IEF-OPEC Symposium on Energy Outlooks on Wednesday, Petroleum Minister Dharmendra Pradhan appealed to oil-producing countries to ease production cuts to stabilise the fragile global economic recovery. The symposium was held virtually under the patronage of the Minister of Energy of Saudi Arabia HRH Prince Abdulaziz bin Salman Al Saud. Pradhan highlighted that there was unanimous agreement among international agencies, like IEA, OPEC, vis-a-vis reports released by them on India s robust energy growth profile during 2021 and beyond. While the world s total primary energy demand would increase at less than 1 per cent per annum till 2040, India s energy demand would grow at about 3 per cent per annum till 2040.

Prince Abdulaziz warns against OPEC+ complacency: 'Still too early to celebrate' on virus

Prince Abdulaziz warns against OPEC+ complacency: 'Still too early to celebrate' on virus
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