Saudi Arabia’s Crown Prince, Nigeria’s President review OPEC+ crude oil deal progress

File photo shows Saudi Arabia’s Crown Prince Mohammed bin Salman during a virtal meeting. (File photo: SPA)

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.

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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)

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Last Update: Tuesday, 30 June 2020 KSA 07:39 - GMT 04:39
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