Saudi energy minister: Saudi Arabia/OPEC will mitigate supply shocks

A Saudi energy minister spoke today to make a statement about energy prices and oil fluctuations

Key highlights

Saudi Arabia will coordinate with both OPEC and non-OPEC organizations/countries to mitigate any shortfalls in oil supply to avoid worsening market stability.

Saudi Arabia is committed to ensuring stable oil markets for both producers and consumers, as well as sustainability in global economic growth