Saudi Arabia, US concerned over threat to maritime traffic

Saudi and US teams holding talks in Washington. — Courtesy photo

WASHINGTON — Saudi Arabia's Minister of Energy Khalid Al-Falih and US Energy Secretary Rick Perry discussed freedom of maritime traffic and security of global energy supplies, Al-Falih tweeted on Tuesday.

“I have met US Energy Secretary Rick Perry in Washington, where we discussed strengthening the special relations between the two countries and investment in the fields of energy, industry, climate, and technology,” Al-Falih’s tweet said.

The meeting also discussed the situation of the oil market and the Kingdom’s keenness on its stability, “especially because it’s the trusted supplier of crude oil globally,” according to Al-Falih.

With the participation of Saudi Ambassador to the US Princess Reema Bint Bandar, the two ministers expressed concern over threats targeting freedom of maritime traffic in the Arabian Gulf, and pledged to work together to ensure the safety of global energy supplies.

The two countries will work together to ensure the security of global energy supplies, said Al-Falih. Additionally Al-Falih confirmed OPEC's commitment to coordinate oil prices with non OPEC countries, and the need to work together to balance the market. — SG