OPEC secretary general says collective Oct decision was correct

OPEC Secretary General Haitham Al Ghais said on Monday the collective decision to cut output in October was the right move and added the OPEC+ alliance had historically played a constructive role in meeting additional demand and maintaining a balanced market.

"We believe there is great confidence and trust in the OPEC+ group and its decisions where we have proven time and again that we are ready to act immediately and respond to the dynamic nature of the market," Al Ghais told Reuters on the sidelines of the India Energy Week conference.

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