Riyadh – Mubasher: Saudi Arabia's oil minister Khalid Al Falih has expressed his confidence regarding the ongoing cooperation between OPEC and its non-OPEC allies to stabilise the market, according to Reuters.

The conference was attended by the Russian energy minister, Alexander Novak, as well as the OPEC secretary general, Mohammad Barkindo. The conference was held in Riyadh on Wednesday and covered the oil sector.

The OPEC and non-OPEC members, led by Russia, agreed in November to extend the agreement of reducing oil production until the end of 2018.