The head of the Ministry of Energy of Saudi Arabia: OPEC + will have to make efforts to stabilize the oil market until 2022, possibly longer

OPEC + will have to continue measures to stabilize the market situation oil at least until the end of April 2022, said the head Ministry of Energy of Saudi Arabia Abdul-Aziz bin Salman. IN in this regard, he urged the members of the alliance `` not to relax reports agency Prime. During the meeting of the monitoring committee OPEC + bin Salman noted the positive results of the work of the alliance, which, on its look, you can be satisfied. However, these measures will have to continue, in connection with which he urges the OPEC + countries to continue act in the spirit of the past 3 months. At the moment, the volume of production decline is 7.7 million barrels per day - this quota has been in effect since the beginning of August and will remain relevant until the end of the year. Then it will drop to 5.8 million barrels per day and will remain at this level until the end of April 2022. Let us remind you that the new agreement of the alliance has been in effect since May.