Saudi Arabia calls to urgently discuss oil market situation

3 April 2020 12:43 (UTC+04:00)

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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.

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