Saudi Arabia is not preparing for a break-up of OPEC, Energy Minister Khalid al-Falih said Monday, adding the group will continue as the global central bank for oil markets for a long time.

It comes shortly after reports surfaced Thursday suggesting Saudi Arabia’s top government-funded think tank had been studying the potential impact on oil markets should the influential 14-member alliance breakup.

“There is no consideration whatsoever to eliminate OPEC,” al-Falih said at the ADIPEC oil summit in Abu Dhabi on Monday, according to CNBC.com.

Next OPEC meeting ‘going to be interesting’

On Thursday, the Wall Street Journal reported, citing people familiar with the matter, that the King Abdullah Petroleum Studies and Research Center in Riyadh was trying to understand how energy markets would respond to a world without OPEC.

The reported study comes less than a month before OPEC and non-OPEC members are scheduled to re-convene in Austria, Vienna in order to vote on its next policy decision.