Mubasher: Qatar welcomed the outcomes of talks between Saudi Arabia and Russia, held on the sidelines of the G20 summit in China, regarding oil production and prices, Qatar News Agency (QNA) reported on Monday.
Qatar supports the two countries' joint statement on their cooperation to contain the excess volatility in the oil market, Minister of Energy and Industry Dr. Mohammad Al-Sada stated.
Doha also backs the Saudi-Russian plan to form a working group to monitor the market, draft recommendations in order to stabilise oil prices, and ensure steady investment in the industry, Al-Sada added.
The increasing number of meetings between OPEC members recently was because all parties involved understand that it is in the interest of producers and consumers alike to find a fair price for oil, Al-Sada said.
Qatar is working in its capacity as OPEC President with all members to pursue price stability in the oil markets, Al-Sada said, pointing out his country's significant efforts in pursuing price stability.
