View of Riyadh, Saudi Arabia. File photoWASHINGTON, Jul 16After meetings with US officials, Saudi Arabia pledged to maintain a balance in the global oil market in order to ensure sustainable economic growth, the White House said on Friday.
"Saudi Arabia is committed to maintaining the balance of the global oil market for sustainable economic growth. The US welcomed a 50% increase in oil production compared to the volumes planned for July and August. These and further steps that we expect in the coming weeks will help to significantly stabilize markets", the White House said in a fact sheet released following US President Joe Biden's meetings with royal officials in Jeddah.
Along with this, Washington and Riyadh announced the expansion of cooperation in the field of cybersecurity, which includes «the exchange of data on threats in this area and the actions of malefactors in order to strengthen the overall protection of the two countries.» The US and Saudi Arabia have agreed to work closely together to share best practices, technologies, tools, and approaches to training in the cyberspace, the White House informed. to and from Israel, based on the principles of the 1944 Chicago Convention.» in the United States»This decision represents an important step towards building a more integrated Middle East, more interconnected with the rest of the world,» the US administration said. US President Joe Biden these days is on his first official visit to Saudi Arabia as part of his Middle East tour. On Friday, he held a meeting with the leader of the kingdom, as well as negotiations with the crown prince as part of the delegations. He is scheduled to have a separate bilateral meeting with the Crown Prince on Saturday.