Cabinet discusses results of Saudi initiatives to restore global oil market stability

SourceSaudi Gazette
SectorOil & Gas
CountrySaudi Arabia

NEOM — The Council of Ministers on Tuesday discussed the results of Saudi Arabia’s initiatives to restore the stability of global oil markets and sustainability of oil supplies to the world.In a virtual session chaired by Custodian of the Two Holy Mosques King Salman, the Cabinet pointed out that these initiatives were taken with an aim to mitigate the effects of the COVID-19 pandemic and enhance the global energy security and maintain market balance.At the outset of the session, the Custodian of the Two Holy Mosques briefed the Cabinet on the contents of the written message that he received from Kuwait’s Emir Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah. The message emphasized the strengthening of the bilateral relations that bind the two countries and people in various fields.The Cabinet reviewed developments related to the novel coronavirus pandemic (COVID-19) at the local and international levels, the latest COVID-19 statistics in the Kingdom of Saudi Arabia.The Cabinet also reviewed the work of the national campaign for vaccination in light of the resumption of the supply of more...