Iraq and Saudi Commit to Balance the Oil Market, Oil Cut stay Put

  • May 25, 2020 AEST
  • Team Kalkine

Iraq and the oil kingpin Saudi concur to re-balance the oil market and maintain their commitment to trim output agreed by both countries and OPEC+ previously.

  • As per the state news agency- SPA, comments came after the finance minister (acting oil minister) of Iraq and Saudi oil minister met to discuss the oil market.
  • The local news channel of Saudi- Al Arabiya also mentioned that Iraq would allow Saudi companies to invest in the western Akkas gas field, which borders Syria and is one of the largest oil fields in Iraq.


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