The government of the Kingdom of Saudi Arabia called on OPEC, Russia and other producing countries that make up the group known as (OPEC +) to adhere to the specific reduction rates for oil production.

>

The Saudi Press Agency (SPA) said today, Wednesday, that the Kingdom's government requested to provide more reduction in production, to contribute to restoring the desired balance of global oil markets. < / p>

The statement quoted the government as saying that Saudi Arabia is committed to supporting the stability of global oil markets.

Oil prices rose on Tuesday, after Saudi Arabia said it would deepen crude supply cuts in June, while other members of the oil-producing group said they wanted to extend the cuts It reached last month for a period longer than originally agreed.

OPEC and its allies, who make up what is known as the (OPEC +) group, decided last April to reduce crude production by 9.7 million barrels per day for the months of May and June 2020, which is Record cut, in response to a 30% drop in global demand for fuel from the Corona Virus pandemic.

The group was expected to cut production to 8 million barrels per day, but sources told Reuters that it expected OPEC + to maintain the largest cut.

The US benchmark West Texas Intermediate crude delivery for June delivery rose $ 1.64, or 6.8%, to settle at the settlement of $ 25.78 a barrel.

Brent crude oil indexes rose 35 cents, or 1.2%, to settle at $ 29.98 a barrel.