OPEC Gulf countries, Saudi willing to work on stablising oil market-Gulf oil cartel delegate

OPEC Gulf countries and Kingdom of Saudi Arabia area unit willing to work for any action to stabilize the oil market, a senior Gulf oil cartel delegate aforementioned on Thursday.

"OPEC Gulf countries and Kingdom of Saudi Arabia area unit willing to work," the delegate aforementioned. He conjointly aforementioned the door is open and every one potentialities area unit there.

Earlier, Russian Energy Minister Alexander Novak aforementioned Kingdom of Saudi Arabia had projected that oil-producing countries cut drilling by up to five p.c every so as to support weak oil costs.