Today.Az » World news » Saudi Arabia calls to urgently discuss oil market situation
03 April 2020 [11:55] - Today.Az
Countries participating in the OPEC+ oil production limiting agreement should urgently hold an extraordinary meeting to reach a fair agreement on the oil market rebalancing, the Saudi Press Agency said on Thursday, Trend reports citing TASS.
"The Kingdom calls for an urgent meeting for OPEC+ group and other countries, with aim of reaching a fair agreement to restore the desired balance of oil markets," the Press Agency said.
Brent oil futures skyrocketed by 46.7% to $36.29 a barrel on the London-based ICE after the statement today, while they plummeted at their peak to $22 per barrel over the last three months.