OPEC+ actions are sufficient for the market, but the group is ready for additional steps

(technical replay)

NEW DELHI, July 21 (Reuters) – United Arab Emirates Energy Minister Suheil al-Mazrouei told Reuters on Friday OPEC+’s current efforts to support the oil market have been sufficient so far and the group is “only on call” if further steps are needed.

“What we are doing is enough,” the minister told Reuters during a visit to New Delhi.

The minister added that there is a mechanism for monitoring Russian oil production, which is being developed jointly with OPEC.

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(Nidhi Verma and Alex Lawler)


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