The United States asks Saudi Arabia to "calm things down" in the global energy and financial markets
18:27 - 3/25/2020
Information / follow-up ..
The US Secretary of State, Mike Pompeo, asked the Saudi Crown Prince, Prince Mohammed bin Salman, to "calm" things in the global energy and financial markets that are witnessing a continuous and sharp decline against the background of several issues.
In a statement released on Wednesday, US State Department spokesperson Moogan Ortagos said that Pompeo spoke with Bin Salman via phone on Tuesday, noting that both sides "expressed deep concern about the issue of COVID-19 and the need for all countries to work jointly to contain The pandemic.
The statement added that "the US Secretary of State and the Saudi crown prince focused their attention on the need to ensure stability in global energy markets in the circumstances of global responses."
"Pompeo stressed that Saudi Arabia has a real opportunity to calm global energy and financial markets, as a leader of the Group of Twenty (in this period) and an important leader in the energy field, especially when the world faces a situation of serious economic uncertainty," the statement said.
Since January 2020, the world has been facing a deteriorating crisis caused by the outbreak of the new Corona Virus infection “COVID-19”, which started spreading since December 2019 from Wuhan, China and led to huge losses in many sectors of the economy, especially transport, tourism and entertainment, and the collapse of global exchanges The fall in energy markets has accelerated.
The World Health Organization has classified a new epidemic of corona virus, and has recorded more than 436,000 cases of this strain in nearly 160 countries worldwide, including 19,643 deaths and 111889 cases of recovery.
Oil prices are witnessing a continuous decline in recent weeks, against the backdrop of the significant increase in supply against demand, which has deepened due to the outbreak of the new type of Corona virus, especially after the failure to reach a new agreement on reducing oil production within the framework of the "OPEC +" group, what happened, according to informed sources Several, due to a dispute between Russia and Saudi Arabia over the issue, amid many reports indicating that the United States is seeking to reduce its losses due to this situation by holding an oil alliance with the Kingdom. 25 h has ended