Saudi Arabia has called on other OPEC members to remain vigilant about the desire to increase production, especially before the March meeting.
Oil prices have already jumped to $ 60 and higher, since demand has slightly recovered amid reduced supply.
"I have to warn you again," said Saudi Arabia Energy Minister Prince Abdulaziz bin Salman. "Uncertainty is very high and we need to be extremely careful. Last year's events should teach us to be careful."
The next OPEC meeting is scheduled this March.
In the last conference, some members disagreed over how quickly it would be desirable to resume the halted production.
Riyadh proposed an additional 1 million bpd cut in supplies, which was applied this February and will continue until March. This move was successful since prices really increased in the market.
However, for oil importers, very high prices are a problem. India's energy minister, Dharmendra Pradhan, said that higher prices are hurting global economic recovery.
Therefore, debate and disagreements may again begin at the next OPEC meeting.
Iraq already expressed its displeasure that the group might decide to keep production the same, while UAE and some other members have shown the desire for an increase.
But for Saudi Arabia, it would be better to continue restricting supplies.
In any case, oil continues to grow rapidly and is now trading above the average price last 2019:
