Saudi Arabia sees no point in holding OPEC summit

Saudi Arabia sees no point in holding a summit of the world's leading oil-producing countries to discuss the situation on the market. This was reported today by sources that know the position of the Saudi government on this issue.

"Saudi Arabia doesn’t see any need to hold a summit of heads of state-oil producers if a certain decision isn’t taken regarding specific actions for the protection of oil prices," the source said, adding that Riyadh believes that it is better not to interfere in the situation in the market now, Tass reports.