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UK's Johnson says Saudi Arabia understands need to stabilise oil markets

Published 16/03/2022, 17:15
© Reuters. Saudi Crown Prince Mohammed Bin Salman receives British Prime Minister Boris Johnson, in Riyadh, Saudi Arabia March 16, 2022. Bandar Algaloud/Courtesy of Saudi Royal Court/Handout via REUTERS
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LONDON (Reuters) - British Prime Minister Boris Johnson said on Wednesday there was an understanding in Saudi Arabia of the need to ensure stability in global oil and gas markets, following a meeting with Saudi Crown Prince Mohammed bin Salman.

© Reuters. Saudi Crown Prince Mohammed Bin Salman receives British Prime Minister Boris Johnson, in Riyadh, Saudi Arabia March 16, 2022. Bandar Algaloud/Courtesy of Saudi Royal Court/Handout via REUTERS

Asked by a reporter if Saudi Arabia would increase output to tackle soaring crude oil prices, he replied: "I think you'd need to talk to the Saudis about that. But I think there was an understanding of the need to ensure stability in global oil markets and gas markets," he said.

"A strong global economy, a strong UK economy ... is very much in the interests of the oil-producing countries as well."

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