Prince Faisal bin Farhan bin Abdullah, Minister of Foreign Affairs, said that the Kingdom of Saudi Arabia always stresses the importance of collective cooperation with the OPEC Plus group in stabilizing global oil markets and enhancing their reliability, sustainability and security.
Prince Faisal added in the Kingdom of Saudi Arabia’s speech before the United Nations General Assembly at its 78th session, in New York, on behalf of the Custodian of the Two Holy Mosques, according to what was reported by the Saudi Press Agency, that the Kingdom is keen to maintain the stability, reliability, sustainability and security of global oil markets and meet the needs of... Consumers, to ensure a healthy global economy that benefits producers and consumers.
He stated that the OPEC Plus policy of closely monitoring the markets and adopting a precautionary approach contributed to the stability and balance of the oil markets, as was evident in the stability witnessed by the oil markets in 2022, compared to other energy markets, such as the natural gas and coal markets.
