For his part, Minister of Energy, Industry and Mineral Resources Khalid bin Abdulaziz Al-Falih said that the important issues that were discussed with the economic team of US government in the Ministry of Energy focused on oil and energy in general, as foundation of the bilateral strong economic relationship. He continued saying that despite the surplus in oil global production over the past two years and lower prices, the market is still obsessed by the oil key producing countries of the world, because the oil price subjected to high and low cycles, and everyone realizes that after ending the current price decline cycle and the impact on investment in energy, there will be a need for a country such as the Kingdom of Saudi Arabia which has depth and strategic position to balance supply and demand. Al-Falih pointed out that there was an American interest to see the Kingdom's policy in this side, and they found that the Kingdoms' policy is stable and more responsible in terms of maintaining production capacity and its surplus in the ability to fill any shortage, and that the Kingdom is seeking to balance the supply and demand, and maintain moderate prices for producers and consumers. Energy Minister said that the topic that occupied the attention of the American side is the subject of "climate change" and the Convention after France meeting. They sought to let this agreement enter into effect after the admission of a number of countries, which emits 55% of the emissions, indicating that the Kingdom would start procedures join this Convention after the completion of legal reviews by the Shura Council and the Council of Ministers. Al-Falih expressed the hope that the Kingdom could enter this agreement. -- More 01:48 LOCAL TIME 22:48 GMT www.spa.gov.sa/w