Abdulaziz bin Salman: Opec+ alliance should maintain "cautious" stance until undeniable evidence of recovery

The oil market recovery is far from complete, Saudi Arabia's oil minister Prince Abdulaziz bin Salman said today as Opec+ members gathered to decide their May crude production policy, Report informs, citing Argus Media.

Prince Abdulaziz said that although the market is on a "stable footing" and stocks are continuing to draw down, the Opec+ alliance should maintain this "cautious" stance "until the evidence of a recovery is undeniable".