As energy prices soar and attention is focused on trends in oil-producing countries, King Salman of Saudi Arabia, one of the world's leading oil-producing countries, sent a video message to the G20 summit that opened in Italy, saying, "Keep market balance and stability." I just emphasized my position and avoided specific mention of how to respond to rising energy prices.
King Salman of Saudi Arabia sent a video message to the G20 Summit, which opened in Italy on the 30th, at the summit of 20 major countries.
In this, King Salman said, "Although there is a partial recovery, the situation is still difficult" regarding the trends of the world economy that influence the demand for crude oil.
On top of that, King Salman emphasized his position on the fact that energy prices are rising as the world economy recovers, saying, "We will play a leading role in maintaining the balance and stability of the energy market." We stayed and declined to specifically mention how to respond to rising prices.
OPEC (Organization of Petroleum Exporting Countries) led by Saudi Arabia and oil-producing countries such as Russia are planning to discuss future production policies in the near future, and the focus is on whether to take additional production increases.