Saudi King Supports OPEC + Measures on Oil Production

The OPEC + agreement on the level of oil production is a necessary measure to stabilize the market, Riyadh will continue to comply with the agreements, said the King of Saudi Arabia Salman ibn Abdul-Aziz Al Saud.

“The Kingdom reaffirms its commitment to continuing to comply with the terms of the OPEC + agreement due to its important role in stabilizing the oil market.” the King said in an address to the Kingdom’s Advisory Council.

Additionally, Riyadh also stresses the importance of adherence to the agreement by all participating countries.

The monarch also noted that stability and balance in the oil market are the backbones of Saudi Arabia’s energy policy.

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