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OPEC+ oil tensions ease after Saudis speak to Iraq and Nigeria

Tensions ease among the petroleum cartel's members after Saudi Arabia speaks to Iraq and Nigeria, pledging that the kingdom remains committed to hitting its target.

Photo: Stephen Eisenhammer/REUTERS / X04193

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.

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