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Saudi Arabia Says It's Committed to Keeping Oil Markets Stable
Saudi Arabia Says It's Committed to Keeping Oil Markets Stable
24 Apr 2019, 08:00 AM IST
(Bloomberg) -- The Saudi cabinet reiterated its commitment to a “firm policy” of keeping crude markets stable and balanced after a U.S. decision not to renew sanctions waivers for buyers of Iranian oil.
The kingdom followed “developments in the oil markets” with interest, state-run Saudi Press Agency reported. The kingdom welcomed the U.S. move to “hold Iran accountable for and to stop its destabilizing activities, its sponsoring and support for terrorism.”
To contact the reporter on this story: Abbas Al Lawati in Dubai at aallawati6@bloomberg.net
To contact the editors responsible for this story: Shaji Mathew at shajimathew@bloomberg.net, Bruce Stanley, Amanda Jordan
©2019 Bloomberg L.P.
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