Saudi king says kingdom working to guarantee stable global oil supply

FILE PHOTO: Saudi Arabia’s King Salman bin Abdulaziz attends a virtual cabinet meeting in Neom, Saudi Arabia August 18, 2020. Picture taken August 18, 2020. Saudi Press Agency/Handout via REUTERS

RIYH (Reuters) – Saudi Arabia’s King Salman on Thursday said the kingdom is working to guarantee the stability of global oil supplies to serve both producers and consumers despite COVID-19’s impact on oil markets.

The king gave his remarks virtually in an annual address to the appointed Shura Council, a top governmental advisory body.