The Kingdom of Saudi Arabia has reaffirmed its commitment to strengthening the stability of the oil market and said it will work on it individually and in cooperation and coordination with the countries of the Gulf Cooperation Council and other OPEC and non-OPEC countries in order to provide sufficient supplies of petroleum resources while working to stabilize oil markets and restore oil prices to fair levels for producers, consumers and the oil industry. This came in the Kingdom's speech delivered by Minister of Finance, the Governor of Saudi Arabia in the International Monetary Fund, Dr. Ibrahim bin Abdulaziz Al-Assaf yesterday in front of the Monetary and Financial Committee of the International Monetary Fund in its 24th meeting in Washington. In his speech during the meeting, Dr. Al-Assaf, the Head of the Saudi delegation, dealt with the economic situation in the Kingdom, the conditions of the global economy and some of the topics relating to the International Monetary Fund. He highlighted the continued strong performance of the Saudi economy as reflected in its high growth and moderate inflation. --MORE
