Prince Abdulaziz was speaking at a media forum in the capital Riyadh about last October’s decision to cut the group’s production target by 2 million barrels per day.
The group comprising the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia agreed the cuts until the end of 2023.
Prince Abdulaziz reiterated in an interview with Energy Aspects last week that the decision was locked in for the rest of the year.
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