Gulf Cooperation Council convenes emergency meeting on refined oil product supply response

Source
JH Kim

Summary

  • It was reported that the Gulf Cooperation Council (GCC)’s Regional Emergency Plan Committee for refined oil products convened an emergency meeting to respond to developments in the region.
  • The committee said it held the emergency meeting to discuss the refined oil product supply situation following recent changes in regional conditions.
  • It said the meeting’s main agenda discussed response measures to maintain continuity of refined product supplies and to check energy supply-chain stability.

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The Gulf Cooperation Council (GCC)’s Regional Emergency Plan Committee for refined oil products convened an emergency meeting to respond to developments in the region.

On the 16th (local time), Walter Bloomberg, citing Saudi state television, reported that the committee held the emergency meeting to discuss the refined oil product supply situation following recent changes in regional conditions.

The meeting’s main agenda focused on response measures to maintain continuity of refined product supplies.

The move is interpreted as an effort to check energy supply-chain stability amid sustained military tensions in the Middle East.

Photo = Shutterstock
Photo = Shutterstock
JH Kim

JH Kim

reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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