OPEC aims for price stability, ignores political pressure
February 11, 2025
(Investing) – Tuesday at the India Energy Week conference, OPEC Secretary General Haitham Al Ghais emphasized the organization’s commitment to long-term market stability over political considerations. This stance comes in response to U.S. President Donald Trump’s calls for increased oil production to lower prices. Al Ghais stated that OPEC’s decisions are based on technical analysis of the market, focusing on supply
