Leading world crude exporter Saudi Arabia on Thursday made a surprise call for a meeting of the OPEC+ oil producers to “stabilise the oil market” amid a price war.
“The kingdom calls for an urgent meeting of OPEC+ and a group of other countries with the aim to try and reach a fair deal to restore balance to the oil market,” said a statement carried by the Saudi Press Agency. The move followed a phone call between US President Donald Trump and Saudi Crown Prince and de facto leader Mohammed bin Salman. “This call comes in the framework of the kingdom’s continued support for the global economy under these exceptional circumstances and in estimation of a call by US President Donald Trump and US friends,” the statement said.
