Saudi Arabia Insists Trying To Ensure Stability Of Oil Markets And Not Siding With RussiaSaudi Minister of State for Foreign Affairs Adel Al-Jubeir has said the Kingdom is attempting to ensure stability of oil markets by trying to avoid swings in prices, and not siding with Russia on the issue.The Kingdom of Saudi Arabia believes in this strongly.”Energy ministers from the oil-producing countries that are members of the group have already agreed to the cuts, which will take effect next month.The price of oil has actually come down since last week, not gone up.”The minister added: “The Kingdom of Saudi Arabia and the US have had a very strong relationship for eight decades.They have been very close partners in fighting extremism and terrorism, and maintaining stability and security in defending the region, and have been very close allies in terms of economics, trade and investment.“We look forward to this relationship continuing for the next eight decades."