THOSE who have kept abreast of economic developments over the past years may realize that it has always been the Kingdom's policy to create a balance in the oil market. The Kingdom has always supported a stable oil market that safeguards the long-term interests of both producers and consumers. The Kingdom is keen to create and maintain the global stability of oil. It can increase its output and make up for any shortage of oil arising from political and economic emergencies at the regional or international level. This guarantees that the price and production of oil will be maintained in line with OPEC policy. The Kingdom has always been transparent about its oil policy. It provides accurate and up-to-date information about oil and gas on a daily basis as well as about its spare production capability. The world has full confidence in the Kingdom's capability to make up for any shortage in global oil markets, if and when the supply is disrupted. The Kingdom has shown throughout its history that it does not rely on a short-term agenda but rather on a long-term commitment to supply oil to the world. The Kingdom's oil policy emphasizes the fact that oil exporters should use the revenue from this important commodity for national development and the benefit of people. Oil revenues should be used for development not as a political or economic weapon. That is why the Kingdom plays a pivotal role in maintaining the stability of the oil market in terms of quantity, price and supply. __
