OPEC+ may take steps to stabilize oil market, says Saudi oil minister

RIYADH: The Organization of the Petroleum Exporting Countries and its allies led by Russia, OPEC+, may need to tighten output to stabilize the market, which is facing extreme volatility amid low liquidity, said Saudi Energy Minister Prince Abdulaziz bin Salman.

In an interview with Bloomberg, the energy minister said the OPEC+ has the means to deal with the ongoing challenges.