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Saudi Arabia Committed to Stability of Oil Market and Sustainability of Global Supplies

Saudi Arabia denies using Israeli spyware on communications

The Kingdom’s Cabinet announced that Saudi Arabia is committed to supporting the stability of the oil markets and the sustainability of global supplies.

The announcement was made during the cabinet’s weekly meeting, during which the cabinet discussed mitigating the effects of the coronavirus (Covid-19) pandemic, enhancing energy security and the market balance.

Minister of Information Majid Al-Qasabi said the minsters discussed the Kingdom’s statements at the World Energy Forum, the International Energy Agency and OPEC, on the importance of cooperation to face the challenges of the pandemic and limit its impact on global economic growth.

“Saudi Arabia stressed the need to work to overcome the challenges through collective action, dialogue and data transparency in the energy field,” Al-Qasabi said.

The cabinet repeated the Kingdom’s condemnation of cross-border attacks by the Houthi militia in Yemen. Over the past week, the conflict escalated as the Iran-backed group launched missiles and drones toward Saudi Arabia that were intercepted by Arab coalition forces.

The cabinet said it was also hoping for a peaceful resolution to violent protests that erupted in Mogadishu recently over delayed elections in Somalia.

On the Covid-19 front, the cabinet was briefed on the latest virus statistics in the Kingdom and progress in the national inoculation campaign. The ministers were also briefed on the resumption of vaccine supplies and the new vaccine centers opened over the past week in the Kingdom.

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