OPEC+ Oil Tensions Ease After Saudis Speak to Iraq and Nigeria

Saudi oil minister commends Iraq for oil-production curbs
Nigeria told kingdom it would compensate for missing quota

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By James Herron and Khalid Al Ansary

July 13, 2020 at 5:13 PM UTC

Updated on

July 14, 2020 at 6:36 AM UTC

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Saudi Arabia commended Iraq for implementing almost all its pledged oil-production cuts and Nigeria told the kingdom it was committed to hitting its target, in further signs that disputes among OPEC+ members over cheating of quotas are being resolved.

Saudi Energy Minister Prince Abdulaziz Bin Salman spoke to his Iraqi counterpart Ihsan Abdul Jabbar, according to a joint statement from their offices on Monday. The prince said he was satisfied with Baghdad’s improved compliance in June.