OPEC+ maintains long-term view for global markets, aims at price stability

Published 11/02/2025, 12:22
© REUTERS

Investing.com -- The Secretary General of OPEC+, Haitham Al-Ghais, stated at the India Energy Week conference on Tuesday that the group’s decisions are made with a long-term perspective on global markets and with an aim to provide price stability. His comments follow repeated requests from U.S. President Donald Trump for the oil producer group to increase oil production in order to lower prices.

OPEC+, which is an alliance of the Organization of the Petroleum Exporting Countries and other oil-producing nations, had previously announced earlier this month that it plans to gradually start reducing its output cuts from April. The group’s decisions are significant as they can impact global oil prices and, by extension, the global economy.

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