Saudi Arabia to act on stability of oil market

摘要

Dubai—Saudi Arabia will act alone, as well asin coordination with other oil producers andconsumers, to ensure that oil markets areadequately supplied with crude oil and pricesare restored to levels that are fair to produc-ers, consumers and the oil industry, theSaudi cabinet said in a statement March 19.The statement carried by the official SaudiSPA news agency after the weekly cabinetmeeting chaired by King Abdullah said minis-ters expressed satisfaction with the outcomeof discussions between energy producers andconsumers at last week’s International EnergyForum in Kuwait.