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Oil prices stabilized today, Saturday, at 69.60 dollars a barrel



Oil prices recorded today, Saturday 3-13-2021, according to Brent crude futures for May delivery, 69.60 dollars a barrel, while US West Texas Intermediate crude for April delivery reached 66.02 dollars a barrel.

 

And Saudi Energy Minister Prince Abdulaziz bin Salman has confirmed that the Kingdom will extend the reduction in voluntary oil production of one million barrels per day, and will decide in the coming months when it will begin to gradually backtrack.

 

"We are not in a hurry ... we are cautious," the Saudi energy minister added after a meeting of OPEC + ministers, adding that Saudi Arabia would decide when to end the voluntary production cut "at a time that is convenient for us."

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