https://sputnikglobe.com/20220318/saudi-crown-prince-reiterates-importance-of-adhering-to-opec-deal-1093993325.html
Saudi Crown Prince Reiterates Importance of Adhering to OPEC+ Deal
Saudi Crown Prince Reiterates Importance of Adhering to OPEC+ Deal
Sputnik International
DOHA (Sputnik) - Saudi Arabian Crown Prince Mohammed bin Salman Al Saud stressed the importance of complying with the OPEC+ deal between oil-producing... 18.03.2022, Sputnik International
2022-03-18T18:30+0000
2022-03-18T18:30+0000
2022-03-18T18:30+0000
saudi arabia
opec
crown prince mohammed bin salman
oil production
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The statement followed a visit of UK Prime Minister Boris Johnson to Saudi Arabia and the United Arab Emirates on Wednesday, where Johnson reportedly attempted to secure obligations by the two Gulf States to increase oil production if necessary, as part of the UK efforts to abandon Russia's energy supplies.For his part, Kishida expressed his high hopes that Saudi Arabia would lead stabilizing efforts in the international oil market, paying particular attention to measures to be taken to counter soaring oil prices.Earlier, Arab expert Mustafa Al-Bazrakan told Sputnik that during Johnson's visit Saudi Arabia demonstrated its unwillingness to abandon the OPEC+ agreement in favor of increasing oil production amid growing strain on relations between Russia and European countries.
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saudi arabia, opec, crown prince mohammed bin salman, oil production
saudi arabia, opec, crown prince mohammed bin salman, oil production
Saudi Crown Prince Reiterates Importance of Adhering to OPEC+ Deal
DOHA (Sputnik) - Saudi Arabian Crown Prince Mohammed bin Salman Al Saud stressed the importance of complying with the OPEC+ deal between oil-producing countries in order to balance supply and demand in the oil market, the Saudi Foreign Ministry said on Friday.
The statement followed a visit of UK Prime Minister Boris Johnson to Saudi Arabia and the United Arab Emirates on Wednesday, where Johnson reportedly attempted to secure obligations by the two Gulf States to increase oil production if necessary, as part of the UK efforts to abandon Russia's energy supplies.
"Crown Prince reiterated Saudi Arabia's willingness to uphold balance and stability in the oil market, stressing the role of OPEC+ agreement in this regard and importance of adhering to it," the ministry said in a statement following bin Salman's phone conversation with Japanese Prime Minister Fumio Kishida.
For his part, Kishida expressed his high hopes that Saudi Arabia would lead stabilizing efforts in the international oil market, paying particular attention to measures to be taken to counter soaring oil prices.
Earlier, Arab expert Mustafa Al-Bazrakan told Sputnik that during Johnson's visit Saudi Arabia demonstrated its unwillingness to abandon the OPEC+ agreement in favor of increasing oil production amid growing strain on relations between Russia and European countries.
