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“We commit to take all necessary and immediate measures to ensure the stability of the energy market,” the ministers said in the joint statement.
Earlier Friday, Canadian Minister of Natural Resources Simos Origen said that the G20 energy ministers agreed on the need to stabilize the oil price.
He added that all countries agreed on the need for their economies to “have a well-functioning and stable oil market” and decided to form a committee to coordinate the G20’s response in the future.
The new epidemic of the Corona virus caused an imbalance in the oil market, as the global supply was mainly large and reached unprecedented levels, with restrictions on movements imposed everywhere to avoid the spread of the disease.
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“We commit to take all necessary and immediate measures to ensure the stability of the energy market,” the ministers said in the joint statement.
Earlier Friday, Canadian Minister of Natural Resources Simos Origen said that the G20 energy ministers agreed on the need to stabilize the oil price.
He added that all countries agreed on the need for their economies to “have a well-functioning and stable oil market” and decided to form a committee to coordinate the G20’s response in the future.
The new epidemic of the Corona virus caused an imbalance in the oil market, as the global supply was mainly large and reached unprecedented levels, with restrictions on movements imposed everywhere to avoid the spread of the disease.
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