OPEC+ Oil Tensions Ease After Saudis Speak to Iraq and Nigeria

(Bloomberg) — Saudi Arabia commended Iraq for implementing almost all its pledged oil-production cuts and Nigeria told the kingdom it was committed to hitting its target, in further signs that disputes among OPEC+ members over cheating of quotas are being resolved.Saudi Energy Minister Prince Abdulaziz Bin Salman spoke to his Iraqi counterpart Ihsan Abdul Jabbar, according to a joint statement from their offices on Monday. The prince said he was satisfied with Baghdad’s improved compliance in June.Prince Abdulaziz also had a call with Nigeria’s de facto oil minister, Timipre Sylva. The Saudi minister stressed the importance of all countries adhering …read more

Source:: Yahoo Finance

      

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