On Tuesday, OPEC Secretary-General Haitham Al-Ghais stated at the India Energy Week conference that the decision from OPEC+ is made from a long-term perspective of the Global market, aiming to provide price stability. Earlier, President Trump of the USA repeatedly called on OPEC to increase oil production to help lower oil prices. Earlier this month, OPEC+ indicated that it still plans to gradually reduce production cuts starting in April.

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欧佩克秘书长:机构以稳定为目标,着眼于全球石油市场的长远发展
OPEC Secretary-General: Institutions aim for stability, focusing on the long-term development of the Global oil market.
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The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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