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  HE the GCCSG: The GCC Countries Are Keen to Ensure the Stability of Global Oil Markets Through Cooperation With OPEC

General Secretariat - Riyadh
His Excellency Mr Jasem Mohamed Albudaiwi, Secretary General of the Gulf Cooperation Council (GCC), confirmed that the GCC countries are keen to ensure the stability of global oil markets through cooperation with the Organisation of the Petroleum Exporting Countries (OPEC).

This came during HE the Secretary General’s reception of His Excellency Mr Haitham Al Ghais, Secretary General of OPEC, on Tuesday (February 20, 2024) at the headquarters of the General Secretariat in Riyadh, Kingdom of Saudi Arabia.

During the reception, ways of enhancing cooperation between the GCC and OPEC were discussed in several areas, most notably the permanent and ongoing coordination of oil policies between the Cooperation Council and the Organisation, to ensure safe and stable energy supplies, especially in light of the rapid regional and international developments and circumstances that have affected global energy markets.

Moreover, HE the Secretary General also praised the great efforts made by the OPEC, and its important and vital role in maintaining the stability and balance of oil markets and facing their future challenges, in coordination with member states.