Saudi Arabia's new energy minister said on Monday that oil producers "have to share responsibility" to balance the market in comments that marked his debut since being named the kingdom's new oil minister the previous day.
Prince Abdulaziz bin Salman spoke in Abu Dhabi, the United Arab Emirates, at an energy conference.
He spoke about the role OPEC member-states and other major oil producers like Russia have ahead of a joint meeting this week to discuss global production cuts of 1.2 million barrels per day.
Saudi Arabia has led cuts in production as the kingpin of OPEC to keep oil prices from sliding further.
Prince Abdulaziz's remarks suggest he will continue a similar policy to that of his predecessor, Khalid al-Falih, who led the deal to cut global production among major producers. Al-Falih had been in the role since 2016.
"I respect consensus," the prince said, adding that "it's all about the incremental contributions."
Prince Abdulaziz declined to describe concerns over global trade tensions that are weighing on oil prices as a "trade war," saying: "I'm fundamentally an optimist."