Saudi newspapers highlighted in their editorials today a number of issues at local, regional and international arenas. Al-Youm cast light on the Kingdom's international oil price-fixing strategy, saying that the Kingdom of Saudi Arabia has long sought to look for the best way to keep the international oil market balanced. It suggested that support for oil prices would not be achieved without reasonable production rates that provide stability on one hand and the required balance between demand and supply on the other. The paper considered that the Kingdom's firm position towards this issue focuses on curbing production increases from non-OPEC members to create a safe way that evades oil prices collapse or causing great losses for some OPEC members, who still suffer from that practice. Accordingly, reductions will remain expected unless the non-OPEC states stop flooding the international market with oil, Al-Youm said. What is required is to achieve balance to eventually reach the required world economy stability, it concluded. --More 12:17 LOCAL TIME 09:17 GMT تغريد
