Oil price stability is needed for predictability in the global oil market, and volatility in oil prices must end immediately, Turkey’s energy and natural resources minister said Saturday.

“All actors’ main point, whether they are oil producing or consuming countries, was that there should be cooperation and solidarity in the supply and demand sides of the oil market,” he said in the wake of a Friday G20 energy ministers teleconference, also attended by officials from the International Energy Agency (IEA), International Energy Forum (IEF) and Organization for Economic Cooperation and Development (OECD).

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