Saudi Arabia’s King Salman bin Abdulaziz and Nigerian President Muhammadu Buhari discussed efforts taken to stabilise and rebalance global oil markets in a telephone call, Saudi state news agency SPA reported on Wednesday.
- Reuters
- Last Updated: August 19, 2020, 12:17 PM IST
DUBAI Saudi Arabia’s King Salman bin Abdulaziz and Nigerian President Muhammadu Buhari discussed efforts taken to stabilise and rebalance global oil markets in a telephone call, Saudi state news agency SPA reported on Wednesday.
The two leaders “stressed the importance of compliance, by all participants, to the OPEC+ agreement and the agreed upon compensation mechanism,” SPA reported.
A ministerial panel of key OPEC+ oil producers, headed by Saudi Arabia, is holding a virtual meeting later on Wednesday to review the oil market and the group’s compliance with the current oil supply cut pact.
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(Writing by Rania El Gamal; editing by David Evans)
Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor
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