Saudi minister: Oil producers must remain extremely cautious

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February 17, 2021 7:39 AM EST

FILE PHOTO: Saudi Arabia's Minister of Energy Prince Abdulaziz bin Salman Al-Saud speaks via video link during a virtual emergency meeting of OPEC and non-OPEC countries, following the outbreak of the coronavirus disease (COVID-19), in Riyadh, Saudi Arabi

DUBAI (Reuters) - Saudi Arabian Energy Minister Prince Abdulaziz bin Salman said on Wednesday that it was too early to declare victory against the COVID-19 virus and that oil producers must remain "extremely cautious".

"We are in a much better place than we were a year ago, but I must warn, once again, against complacency. The uncertainty is very high, and we have to be extremely cautious," he told an energy industry event.

"Those who are trying to predict the next move of OPEC+, to those I say, don’t try to predict the unpredictable."

(Reporting by Rania El Gamal; editing by Jason Neely)


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