Saudi Arabia committed to energy market stability, says foreign minister

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Saudi Arabia is committed to working with its OPEC+ partners to ensure energy-market stability, the country’s foreign minister said on Saturday, adding this required the participation of all members.

General view of Saudi Aramco’s Ras Tanura oil refinery and oil terminal in Saudi Arabia May 21, 2018

Prince Faisal bin Farhan Al Saud was responding to a question on whether the world’s top oil exporter would act to address any energy crisis from a potential Russian invasion of Ukraine.

“We hope there are no crises that lead to instability of markets and we will continue to work with our partners… The oil market is participated (in) by all of its members, one member cannot on its own manage this market,” he told the Munich Security Conference.