A+ A-

GCC chief reiterates commitment to oil market stability

RIYADH, Feb 21 (KUNA) -- Secretary General of the Gulf Council Cooperation (GCC) Jasem Al-Budaiwi affirmed Wednesday the GCC's keenness on stabilizing global oil markets through cooperating with the Organization of the Petroleum Exporting Countries (OPEC).
This came in a statement by the GCC's General Secretariat, Wednesday, during Al-Budaiwi's reception of OPEC's Secretary General Haitham Al-Ghais the previous night at the GCC's General Secretariat's headquarters in Riyadh, Saudi Arabia.
During the meeting between Al-Budaiwi and Al-Ghais, they discussed enriching the strong relations between the GCC and OPEC by continuous coordination that aims at stabilizing oil markets during a time of political unrest regionally and internationally that had a noticeable impact on global energy markets, continued the statement.
Al-Budaiwi praised the major efforts by OPEC and its member states through their role in preserving stability in the markets while facing challenges. (end) as.za