MUSCAT: Oman does not see a need to increase oil supplies beyond what is agreed the current OPEC+ agreement, according to HE Mohammed Al Rumhi, the Minister of Energy and Minerals.
Speaking in an interview with CNN Arabic, Rumhi said the market does not need more supplies.
“We do not see the need to pump more oil than what was agreed upon. The market does not need more supplies either from reserves or from oil fields,” Rumhi said.
Last week, OPEC and its oil-producing allies have agreed to continue with their current output plan, deciding against loosening the taps in the face of multiyear highs in crude prices and U.S. pressure to help cool the market.
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