Oil Price: Nigeria, Saudi commit to oil market rebound

24 February 2016, Sweetcrude, Lagos – Nigeria and Saudi Arabia have expressed commitment to a stable oil market and a rebound of oi‎l price.

 Crude-oil-declineAt a bilateral meeting between Nigeria and Saudi Arabia in Riyadh hosted by the ruler King Salman Bin Abdul-Aziz, the two leaders accepted the fact that their economy are tied to oil and that all cannot be well with both countries when the oil market is unstable.

 Senior Special Adviser to the President on Media, Garba Shehu in a statement said both leaders therefore committed themselves to doing all that is possible to stabilise the market and rebound the oil price.

 The statement explained that both leaders who engaged in extensive discussion on regional and global issues also agreed that terrorism posed a common threat to their states.

 To prevail against terrorism, both leaders agreed that it would required close cooperation.

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