Saudi Arabia called on OPEC+ solidarity UAE and others said they should stick to the current agreement

On Sunday (February 20), Saudi Arabia's energy minister said at an energy conference that for the long-term stability of the oil market, OPEC+ must unite and maintain consensus
.
In addition, the energy ministers of the United Arab Emirates, Kuwait and Iraq said the organization should stick to the current production agreement to keep the market balanced and avoid any surplus
.

Iraqi Oil Minister Ihsan Abdul Jabbar said OPEC+ should continue and continue the current agreement "for the benefit of all energy markets" to avoid surprises
.
Meanwhile, UAE Energy Minister Suhail Al-Mazrouei said: "We are focusing on the market by gradually increasing production, and we believe that this plan is focusing on supply and demand
.
" I think our plan is working and I don't think there's a serious supply shortfall in the
market.
”

It is understood that under the leadership of Saudi Arabia and Russia, OPEC+ is gradually exiting the record production
cut of about 10 million barrels per day.
In addition, OPEC has been rejecting pressure to significantly increase production and has decided to stick to a cautious monthly increase
.
At the February 2 OPEC meeting, OPEC representatives said OPEC+ agreed to increase production by 400,000 b/d
in March.
Meanwhile, Russia-led OPEC+ and its allies agreed to continue modest increases in oil production, citing persistent uncertainty
.

OPEC+ is struggling to meet existing targets and has been under pressure
from a major consumer.
The latter, fearing that Russia's military buildup on the Ukrainian border could lead to supply disruptions, has asked OPEC to provide more crude oil to curb soaring prices
.