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Nigeria, Iraq pledge to cut output to meet OPEC targets

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Iraq’s and Nigeria’s oil ministers pledged on Thursday to reduce oil output to comply with their OPEC output targets.

In a statement, the OPEC+ said it was important for all countries to reach full conformity with cuts.

It also said OECD oil stocks remained above the five-year average.

Market monitoring will continue ahead of the next OPEC meeting in December, the organisation  also said, adding that trade tensions and macroeconomic uncertainties remain.(Reuters/)

AOM/SH

Edited by Abdullahi Mohammed/Sadiya Hamza

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