Iraq’s and Nigeria’s oil ministers pledged on Thursday to reduce oil output to comply with their OPEC output targets. An OPEC+ statement said it was important for all countries to reach full conformity with cuts. It also said OECD oil stocks remained above the 5-year average.
Market monitoring will continue ahead of the next OPEC meeting in December, the statement also said, adding that trade tensions and macroeconomic uncertainties remain. Reuters
Pix: OPEC headquarters, Vienna