GCC and Iraq oil ministers reaffirm commitment to OPEC+ deal

Short Url
Updated 08 August 2020
Follow

GCC and Iraq oil ministers reaffirm commitment to OPEC+ deal

  • Countries agreed to increase their output cuts to make up for earlier production
  • The ministers released a joint statement after the meeting

DUBAI: Oil ministers from the Gulf Cooperation Council and reaffirmed their commitment to the OPCE+ deal during a virtual meeting, state news agency SPA reported.
Saudi Minister of Energy Abdulaziz bin Salman Al-Saud, UAE Minister of Energy and Infrastructure Suhail Al-Mazrouei, Kuwaiti Oil Minister Khaled Al-Fadhel, Bahraini Oil Minister Mohammed Al-Khalifa, Omani Oil and Gas Minister Mohammed Al-Rumhi and Iraqi Oil Minister Ihsan Ismail discussed renewed global demand for oil and the progress of implementing the OPEC+ agreement.
The ministers agreed that members that failed to fully comply with production cuts in May, June and July will accelerate their output reduction.
“Full compliance to the OPEC+ deal, including making up for the limited progress on adherence, would speed up the recovery of the global oil market to the best interest of oil consumers and producers alike, the energy industry and the world economy,” the joint statement read.


Syria strongly condemns terrorist attack near Palmyra

Updated 51 min 16 sec ago
Follow

Syria strongly condemns terrorist attack near Palmyra

  • Palmyra in the Homs countryside witnessed an armed attack targeting a joint patrol of Syrian security forces and US forces

DAMASCUS: Syria strongly condemned the terrorist attack that targeted a joint patrol of Syrian security forces and US forces near the city of Palmyra on Saturday, extending its condolences to the families of the victims as well as to the US government and people, the Syrian News Agency reported.

Earlier, Palmyra in the Homs countryside witnessed an armed attack targeting a joint patrol of Syrian security forces and US forces during a field tour in the area.

A gunman opened fire on the patrol, resulting in the deaths of two US soldiers and a civilian interpreter, in addition to injuring three US soldiers and two Syrian security personnel.

“Syria strongly condemns the terrorist attack that targeted a joint Syrian-US counterterrorism patrol near Palmyra. We extend our condolences to the families of the victims and to the US government and people, and we wish the injured a speedy recovery,” Foreign Minister Asaad Al-Shaibani said in a post on platform X.