Thailand Hopes For 'Constructive Politics' To Ensure Stable Oil Market - Minister

Thailand stresses the need for "constructive politics" to ensure stability in global energy market, Energy Minister Siri Jirapongphan told Sputnik on Wednesday, commenting on US President Donald Trump's recent call on the Organization of the Petroleum Exporting Countries (OPEC) to not cut oil output.

ABU DHABI (UrduPoint News / Sputnik - 14th November, 2018) Thailand stresses the need for "constructive politics" to ensure stability in global energy market, Energy Minister Siri Jirapongphan told Sputnik on Wednesday, commenting on US President Donald Trump's recent call on the Organization of the Petroleum Exporting Countries (OPEC) to not cut oil output.

On Monday, Trump warned Saudi Arabia and other OPEC members against cutting oil production, stressing that oil prices should be "much lower based on supply."

"Politics has always been mixed in the price of energy, it's a fact of life. Whether we like it or not, it's part of it. We hope that there will be constructive politics that will lead to a stable market, that's what we wish for," Jirapongphan said on the sidelines of the ADIPEC conference in Abu Dhabi, asked whether he supported Trump's statement.

The minister stressed that Thailand would support any proposal to create stability in the market as "swinging [oil] prices are not good for both consumers and producers."

"All the friendly collaboration and discussion will lead to a stable price and regime in the immediate future and will spell good deeds for all those concerned," Jirapongphan added.

The Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) opened its doors on Monday and will last through Thursday.