May 12, 2020 / 10:37 PM / 24 days ago

Saudi cabinet urges OPEC+ countries to further reduce production -SPA

CAIRO, May 13 (Reuters) - Saudi Arabia’s cabinet has urged countries in the Organization of the Petroleum Exporting Countries, along with Russia and other producing nations, known as OPEC+ to adhere to reduced oil production rates and to further reduce them to contribute to restoring balance in global oil markets, state news agency (SPA) reported early on Wednesday.

The cabinet said the kingdom is committed to supporting the stability of global oil markets, according to the statement. (Reporting By Raya Jalabi in London Editing by Chris Reese)

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