Top Saudi and American energy officials meet in Riyadh

RIYADH: Saudi Arabia’s Minister of Energy Prince Abdul Aziz bin Salman met US Secretary of Energy Rick Perry in Riyadh on Monday. They discussed ways to enhance the relationship between their countries, including investments in energy, climate and technology.

While talking about the state of the oil market, the prince highlighted the Kingdom’s commitment to the reliable supply of crude oil to the world and the stability of the market. Also on the agenda was the role of OPEC and non-OPEC members in coordinating production to achieve balance in the oil market in ways that safeguard the interests of producers and consumers, support global economic growth and encourage investment.

The two men also discussed shared concerns about threats to oil installations in the Arabian Gulf and the freedom of maritime navigation. They stressed their determination to work together to ensure the security of the global energy supply, and reiterated that any threat to these vital facilities in the region is a threat to the interests of all nations.