BREAKING NEWS | Saudi Crown Prince, Iraqi PM Discuss OPEC+ Oil Cut Pact: SPA

RIYADH | SAUDI ARABIA – Saudi Arabia’s Crown Prince Mohammed bin Salman and Iraqi Prime Minister Mustafa al-Kadhini discussed efforts taken to stabilize and rebalance global oil markets in a telephone call, Saudi state news agency SPA reported late on Wednesday.

The two leaders ‘stressed the importance of compliance, by all participants, to the OPEC+ agreement and the agreed upon compensation mechanism’, SPA reported.

A ministerial panel of key OPEC+  oil producers, headed by Saudi Arabia, is holding a virtual meeting on Wednesday to review the oil market and the group’s compliance with the current oil supply cut pact.

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