The joint statement shows that the Saudi energy minister stressed that all OPEC members must abide by the output targets agreed in the agreement to accelerate the return of balance to the oil market.

2025/05/0401:54:34 hotcomm 1628

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The joint statement shows that the Saudi energy minister stressed that all OPEC members must abide by the output targets agreed in the agreement to accelerate the return of balance to the oil market. - DayDayNews

Foreign information on July 13th, according to a report by Saudi news agency SPA, Nigeria Petroleum Minister said that Nigeria will increase the execution rate of the OPEC production cut agreement to 100%, and will compensate for overproduction from July to September from May to June.

According to the SPA, Nigerian oil minister Timiple Sylva spoke with Saudi Arabia’s energy minister to discuss global oil markets, improvements in oil demand and progress made in the full implementation of the OPEC agreement.

Saudi Energy Minister Abdulaziz bin Salman is head of the OPEC Joint Ministerial Oversight Committee (JMMC), which oversees compliance with production cuts. The Saudi energy minister stressed that all OPEC member states must abide by the output targets agreed in the agreement to accelerate the return of balance to the oil market. (Source: Foreign Media Network)

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