S. Arabia to back efforts to keep energy market stable - Breaking The News

S. Arabia to back efforts to keep energy market stable

9 January

1 min read

UNSPLASH.COM/EKREM OSMANOGLU

The Saudi Arabian Council of Ministers stressed the necessity to maintain the stability of the energy market and support other parties' efforts in doing that.

The council's statement after a meeting chaired by King Salman bin Abdulaziz Al Saud also praised the Organization of the Petroleum Exporting Countries (OPEC) and other countries for their "commitment to unity and market stability."

Back in November, the alliance and its partners (OPEC+) announced their decision to reduce the joint total crude production to 2.2 million barrels per day (bpd) until the end of March 2024.

opec oil production oil

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