consuming and oil producing countries. Increased cooperation between these countries will contribute directly to the stabilization of oil markets, oil being ofcourse an essential strategic commodity for sustained global economic growth," Prince Saud said. "Our world is experiencing ever-accelerating political, economic and social changes, characterized by increased complexity. It is vital that we cooperate with each other now more than ever, to manage the complex issues and changes with which we are faced. Balanced and respectful relations between countries, based on the principles of justice, mutual trust and true partnership are essential in achieving this. By promoting sound relations and understanding between countries, we will be best equipped to meet future challenges and to respond to them in a way that will be beneficial to the whole humanity," Prince Saud concluded.
