GCC, Iraq re-affirm full compliance with Opec+ deal

  • Date: 08-Aug-2020
  • Source: Trade Arabia
  • Sector:Economy
  • Country:GCC
  • Who else needs to know?

GCC, Iraq re-affirm full compliance with Opec+ deal

The oil ministers of the GCC bloc comprising the UAE, Saudi Arabia, Kuwait, Bahrain and Oman today joined Iraq in reaffirming their full commitment to the Opec+ deal on curbing oil production in order to further speed up the oil market's rebalancing.

 

The current developments and future prospects of the global oil markets were deliberated by the oil ministers of the respective countries during a conference call today (August 7).

 

It was attended by Saudi Minister of Energy Prince Abdulaziz bin Salman bin Abdulaziz Al Saud; UAE Minister of Energy and Infrastructure Suhail bin Mohammed Al Mazrouei; Kuwaiti Oil Minister Dr Khaled Ali Al Fadhel; Bahraini Oil Minister Sheikh Mohammed bin Khalifa bin Ahmed Al Khalifa; Omani Oil and Gas Minister Mohammed bin Hamad Al Rumhi and Iraqi Minister of Oil, Ihsan