Saudi King Salman, Nigerian president discuss oil market- SPA
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.
Source: Reuters (Writing by Rania El Gamal; editing by David Evans)