The Saudi Minister of Energy, Prince Abdulaziz bin Salman, denied the validity of a media report alleging that Riyadh is considering leaving the “OPEC +” group that includes Russia, stressing that his country adheres to the collective work within the group.
The minister added in an interview with “Reuters” that what was stated in the report published by the US “Wall Street Journal” in this regard, “is ridiculous and complete nonsense,”.
The Saudi minister added: “We have all signed the OPEC Charter + and we will continue to work in a collective manner. We are in continuous communication and dialogue with all of our OPEC and OPEC + partners,”
The Saudi Energy Minister’s statements came after the Wall Street Journal quoted unnamed “informed” sources that the kingdom is considering withdrawing from the OPEC + alliance while the spread of the new Corona virus in China contributes to a decrease in global demand for oil.
The newspaper attributed to these sources that Saudi Arabia, Kuwait and the UAE intend to hold talks to discuss the possibility of reducing production together, by up to 300,000 barrels per day.