PARIS, France - The Saudi government stressed on Tuesday the great need to commit to oil production in line with the agreements reached by OPEC and OPEC+.
Custodian of the Two Holy Mosque King Salman bin Abdulaziz chaired the cabinet meeting that was held in Jeddah.
The government tackled the outcomes of 31st OPEC and non - OPEC Ministerial Meeting, including a decision to adjust the production level for September. The meeting also reiterates the critical importance of adhering to full conformity.
The stability and balance of the oil market are one of the pillars of Saudi Arabia's energy strategy, given that oil is an important element in supporting the growth of the global economy. This is reflected in the Kingdom's pivotal role in establishing and maintaining the OPEC+ agreement through its initiatives to accelerate the stability of market and the sustainability of its supplies.
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