

Wednesday, March 26, 2008 Free Headline Alerts

ABU DHABI — Saudi Arabia has agreed to ensure global supplies of crude oil.

The kingdom's statement was issued in wake of the visit by U.S. Vice President Richard Cheney to Saudi Arabia, Middle East Newsline reported.

The Supreme Council of Petroleum and Mineral Affairs, chaired by King Abdullah, said Riyad would help ensure oil market stability. In a statement on March 24, the council said it would work with OPEC and non-OPEC members to "prevent the effects of harmful speculation."