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UK's Johnson says Saudi Arabia understands need to stabilise oil markets

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By Reuters
UK's Johnson says Saudi Arabia understands need to stabilise oil markets
UK's Johnson says Saudi Arabia understands need to stabilise oil markets   -   Copyright  Thomson Reuters 2022

LONDON – British Prime Minister Boris Johnson said on Wednesday there was an understanding in Saudi Arabia of the need to ensure stability in global oil and gas markets, following a meeting with Saudi Crown Prince Mohammed bin Salman.

Asked by a reporter if Saudi Arabia would increase output to tackle soaring crude oil prices, he replied: “I think you’d need to talk to the Saudis about that. But I think there was an understanding of the need to ensure stability in global oil markets and gas markets,” he said.

“A strong global economy, a strong UK economy … is very much in the interests of the oil-producing countries as well.”