Saudi Arabia is Keen on Maintaining Stability of Global Oil Markets

Saudi newspapers highlighted in their editorials today a number of issues at local, regional and international arenas. 

Al-Eqtisadiah newspaper said in its editorial that the Kingdom of Saudi Arabia through its Presidency of G20 summit is leading the international efforts to face Coronavirus, in addition to inspiring the whole world with its leadership and decisions that it takes. The newspaper added that immediately after the declaration of Coronavirus pandemic, the Kingdom of Saudi Arabia has issued unprecedented orders and directives to limit the spread of Coronavirus (COVID-19) and to protect people’s lives. 

In another context, Al-Yaum newspaper reported in its editorial that in implementation of directives by the Custodian of the Two Holy Mosques, the expatriate residency ID "Iqama" will be automatically extended for a period of three additional months free of charges whether one is inside or outside the lands of the Kingdom of Saudi Arabia. The newspaper added that this comes as a part of the efforts being exerted by the government of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud in dealing with the financial and economic implications of the global pandemic (COVID-19).  

Al-Bilad newspaper reported that Saudi Arabia’s oil policy is based on maintaining the stability of global oil markets and preserving the interests of oil producers and consumers. In this regard, the Kingdom of Saudi Arabia as the world's largest crude oil production and as the largest exporter of petroleum is keen to provide continuous global cooperation with OPEC+ countries and the other countries to maintain stability in the global oil market.

SPA