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The Ministry of Energy affirms the Kingdom's commitment to its role as a stabilizing force of global energy markets

The Ministry of Energy affirms the Kingdom's commitment to its role as a stabilizing force of global energy markets
8 Apr

Riyadh, SPA:
The Kingdom has been trading its oil in dollars for decades which has served well the objectives of its financial and monetary policies.
Furthermore, the Ministry reaffirms the Kingdom's commitment to its role as a stabilizing force of energy markets, and its desire not to risk such a key policy priority through a fundamental change to the financial terms of oil trading relationships around the world.
 

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