OPEC+ Deal Will Stay in Place All Year, Saudi Minister Says
- Output deal set in October will hold throughout 2023: Saudis
- Energy Minister Prince Abdulaziz speaks with Energy Aspects
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The OPEC+ alliance plans to stick with an oil deal agreed in late 2022 for the rest of the year, Saudi Arabia’s energy minister said, reinforcing earlier signals from the group.
In October, OPEC and its partners took the unusual step of assigning fixed production targets for a full year ahead. Key officials have indicated they intend to leave the quotas unchanged throughout 2023, and the comments from Prince Abdulaziz bin Salman are the most emphatic to date.