Saudi Arabia’s Crown Prince, Nigeria’s President review OPEC+ crude oil deal progress
Saudi Arabia’s Crown Prince Mohammed bin Salman and Nigerian President Muhammadu Buhari review the current progress made on an OPEC+ deal and enhancing the stability of the oil markets, according to a state news agency.
Earlier this month, Saudi Arabia raised crude pricing to all regions a day after OPEC+ producers extended historic output cuts for another month to bolster oil’s rally, according to a pricing list seen by Bloomberg.
For all the latest headlines follow our Google News channel online or via the app.
OPEC+ had agreed to a one-month extension of its record oil-production cuts on June 7 and adopted a stricter approach to ensuring members don’t pump more than they pledged.
(With inputs from Bloomberg)
Read more:
OPEC+ oil cut extension is a victory for Saudi Arabia
Saudi Arabia oil exports fall $11 bln in first quarter amid coronavirus demand hit
