China, Saudi Arabia affirm importance of stable global oil market

China, Saudi Arabia affirm importance of stable global oil market

China and Saudi Arabia reaffirmed the significance of stability in global oil markets and the Saudi role in that, a joint statement said on Friday, following Chinese President Xi Jinping's visit to the Gulf kingdom.

"The People's Republic of China welcomed the Kingdom’s role as a supporter of the balance and stability in the world oil markets, and as reliable major exporter of crude oil to China," the statement said.

(Reporting by Riham Alkousaa and Ahmad Ghaddar; editing by Edmund Klamann and Jason Neely)

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