Saudi Arabia is committed to supporting the stability of the oil markets and the sustainability of global supplies, the Kingdom’s cabinet said. The announcement was made during the cabinet’s weekly meeting, during which the Council of Ministers discussed mitigating the effects of the coronavirus (COVID-19) pandemic, enhancing energy security and the market balance. Minister of Information Majid Al-Qasabi said the minsters discussed the Kingdom’s statements at the World Energy Forum, the International Energy Agency and OPEC, on the importance of cooperation to face the challenges of the pandemic and limit its impact on global economic growth. ...read more...
SectorOil & Gas