Nigeria, Saudi committed to oil price stability – Presidency

An official spokesman for President Muhammadu Buhari said on Tuesday that Nigeria and Saudi Arabia are committed to a stable oil market and efforts to support a price rebound, Reuters reports.

President Muhammadu Buhari is in Riyadh to discuss ways to stabilise prices with Saudi Arabia’s King Salman. “The two leaders accepted the fact that their two economies are tied to oil and that all cannot be well with both countries when the world oil market is unstable,” said Buhari’s spokesman Garba Shehu.

“They therefore committed themselves to doing all that is possible to stabilize the market and rebound the oil price,” he added. Following his visit to Riyadh, Buhari is set to fly to Doha to discuss oil price stability with Qatar’s ruler.

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