Opec nations line up behind Saudi’s call to act if necessary


RIYADH: Opec nations are circling the wagons after the group’s biggest member said that action may be needed to stabilise world oil markets.

Within 48 hours of comments from Saudi Arabian Energy Minister Prince Abdulaziz bin Salman that Organisation of Petroleum Exporting Countries (Opec) might have to curtail production, fellow members Iraq, Kuwait, Equatorial Guinea and Venezuela released statements expressing their support.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Oil and gas , Brent , WTI , Opec

   

Next In Business News

Stable outlook for banking sector
Sunway-REIT posts positive showing
WCE Holdings shareholder in warrant exercise
MR DIY announces improved dividends for 3Q
PM Anwar to participate in APEC CEO Summit, meet Google
CapitaLand Malaysia Trust appoints Yong Su-Lin as CEO designate
Keyfield's net profit higher at RM81.1mil in 3Q
Starbucks Malaysia operator reports net loss of RM33.7mil in 1Q
LBS Bina signs MoU for 10GW Green Hydrogen Plant in Sabah
Ringgit, emerging market currencies slide against greenback at the close

Others Also Read