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/)
Edited by Abdullahi Mohammed/Sadiya Hamza