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Saudi Arabia Expects Latest OPEC Talks to Calm Market Jitters

© AFP 2023 / SAMUEL KUBANIA general view shows the166th ordinary meeting of the Organization of the Petroleum Exporting Countries, OPEC, at their headquarters in Vienna, Austria
A general view shows the166th ordinary meeting of the Organization of the Petroleum Exporting Countries, OPEC, at their headquarters in Vienna, Austria - Sputnik International
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Energy minister said that Saudi Arabia expects the Organization of the Petroleum Exporting Countries (OPEC) to continue working closely with non-member countries to stabilize the market.

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VIENNA (Sputnik) Saudi Arabia expects the Organization of the Petroleum Exporting Countries (OPEC) to continue working closely with non-member countries to stabilize the market, the Saudi energy minister said Thursday.

"This is very important. The OPEC accounts for only a third of the global [crude oil] production. The latest talks between the OPEC and other oil producers were very constructive. I expect more consultations," Khalid al-Falih told reporters ahead of the OPEC ministers’ meeting in Vienna.

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