Saudi says to work with oil producers to limit market volatility

The cabinet added in its statement after the weekly meeting that Saudi Arabia will continue to invest in its energy sector to keep its oil production capacity to help meet any extra demand or to deal with any disruption in global supply.

"The kingdom seeks to achieve stability in the oil markets and will always remain in contact with all main producers in an attempt to limit volatility and it welcomes any cooperative action," the cabinet statement said.

(Reporting By Angus McDowall; Editing by Rania El Gamal)