14 Hrs
Source:
الاقتصادية
OPEC+ stresses maritime corridor security
During a meeting in Riyadh, the oil ministers of OPEC and "OPEC+" focused on the necessity of protecting international maritime navigation lanes to ensure a steady flow of energy supplies. This comes amidst rising shipping and insurance costs, which have exceeded one-third of the value of the commodity and are exerting inflationary pressures, causing the global economy to suffer growth setbacks. They also reaffirmed their commitment to market stabilization decisions, while monitoring developments and engaging with international organizations to improve shipping conditions.
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