According to a statement released by the Saudi Arabian Ministry of Foreign Affairs, the outcomes of the OPEC+ meeting were based solely on economic considerations. These considerations included the need to limit volatility in the oil markets and maintain a healthy balance between supply and demand in the oil markets.

“The Government of the Kingdom of Saudi Arabia would like to first express its unequivocal rejection of these assertions that are not founded on facts and which are based on portraying the OPEC+ decision out of its purely economic context. All of the OPEC+ member states came to a conclusion at the same time and agreed to this resolution.

According to a statement released by the Saudi Ministry of Foreign Affairs, “The kingdom maintains that the conclusions of the OPEC+ meetings are approved through consensus among member nations,” and that “they are not based on the unilateral choice by a single country.”

According to the statement, the decisions made at the OPEC+ meeting were solely based on economic considerations. These considerations include the need to keep the supply and demand ratio in the oil markets in a state of equilibrium and the desire to limit the volatility that is not in the best interests of either consumers or producers.

According to the statement, “this has always been the case within OPEC+.” [Citation needed]

According to the statement, the OPEC+ group comes to its choices on its own, acting independently and in accordance with well-established, autonomous norms adopted by international organisations.

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