Saudi Arabia calls for urgent OPEC+ meeting to stabilize oil market

Saudi Arabia calls for urgent OPEC+ meeting to stabilize oil market

Saudi Arabia called for an urgent OPEC+ meeting on Thursday in an attempt to stabilize the oil market during the coronavirus pandemic, Arab News reports.

“We previously tried to reach an agreement in the OPEC + group, and a consensus could not be reached at the time,” an official said, adding that “The invitation to the OPEC + meeting comes in appreciation of President Trump's request and friends in the United States.”

The announcement comes after Crown Prince Mohammed bin Salman and US President Donald Trump held a phone call to discuss the matter.

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