Saudi King Salman, Nigerian president discuss oil market- SPA

Published 19/08/2020, 07:33
© Reuters.

DUBAI, Aug 19 (Reuters) - 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.


(Writing by Rania El Gamal; editing by David Evans)

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