OPEC Deal Contributed to Addressing Oil Market Challenges

published:21/03/2023 12:28 GMT

Haitham Al-Ghais, secretary general of the Organization of Petroleum Exporting Countries, said the group’s agreement to reduce production has helped address challenges facing global oil markets, Iraq’s oil ministry quoted him as saying on Tuesday. Al-Ghais, who is on a visit to Baghdad, added that OPEC’s most important target is to achieve stability and balance between supply and demand. Last November, with oil prices weakening, members of OPEC, together with Russia and other allies — a group...More