26 December 2022 | Other

OPEC+ remains pro-active to balance oil market

In the face of uncertainties, the OPEC+ alliance has no choice but to remain vigilant. That statement was made by Prince Abdulaziz bin Salman Al Saud, Saudi Arabia's energy minister, in an interview with the Saudi Press Agency (SPA). The prince added the current situation remains difficult for the organization, as the market is overreacting to news.

Al Saud added that there had been many ill-considered interventions in the energy markets during this time.

Nevertheless, the minister said that thanks to OPEC+'s ability to objectively assess markets, the organization's proactive approach and cohesion would contribute to a more stable market.

Al Saud said that the influence of politics on any decisions, assessments or forecasts in OPEC+ was completely excluded. The focus of the organization is solely on the market sector.

The prince noted that this approach made it possible to assess the situation more objectively. This, in turn, also increases the credibility of the organization.

Company MarketCheese
Period: 30.04.2025 Expectation: 12000 pips
ETHUSD set to test upper boundary of downtrend channel
Today at 11:30 AM 27
Period: 25.04.2025 Expectation: 500 pips
AUDUSD to fall to 0.63000
Today at 09:54 AM 14
Period: 28.04.2025 Expectation: 3100 pips
Buyers may retake initiative in USDJPY with target of 146.00
Today at 08:41 AM 14
Period: 02.05.2025 Expectation: 229 pips
Selling natural gas with target of 2.900 amid warm weather in US and Europe
Today at 07:01 AM 14
Period: 02.05.2025 Expectation: 1000 pips
Technical rebound of NVIDIA stock to result in pullback to 95
Yesterday at 11:27 AM 43
Gold sell
Period: 25.04.2025 Expectation: 7000 pips
Gold to correct to level of 3,250
Yesterday at 10:02 AM 102
Go to forecasts