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Saudi Arabia assures that it seeks stability and balance in the oil markets

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The King of Saudi Arabia, Salman bin Abdulaziz al Saud, assured this Sunday before the Shura Council, the country’s consultative assembly, that the kingdom seeks to support stability and balance in the oil markets, including in the framework of the agreement of the Organization of Petroleum Exporting Countries Plus (OPEC+).

On October 5, OPEC+ approved cutting oil production by 2 million barrels per day. According to the group, the decision was made “in light of the uncertainty surrounding the global economic outlook and the oil market.”

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