Saudi Arabia denies discussion on oil output increase


By Elydf
  • World
  • Tuesday, 22 Nov 2022

RIYADH, Nov. 21 (Xinhua) -- Saudi Arabian Energy Minister Abdulaziz bin Salman on Monday denied media reports that his country is mulling an oil output increase.

"The current cut of 2 million barrels per day by OPEC+ continues until the end of 2023 and if there is a need to take further measures by reducing production to balance supply and demand, we always remain ready to intervene," the minister was quoted by the Saudi Press Agency (SPA) as saying.

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