Saudi Arabia And Iraq Reiterate Their Support For A Production Cut

Following a bilateral meeting on Thursday, the energy ministers of Saudi Arabia and Iraq reiterated their support for the oil production cut agreed upon last month. At the same meeting, they emphasized the importance of sticking to the agreement until the end of 2023, Saudi Arabia’s Abdulaziz bin Salman said in a statement earlier today. Bin Salman and his Iraqi colleague, Hayan Abdel-Ghani, also agreed that they would ensure OPEC has "the ability to take further measures, if required, to achieve balance and stability in the market." Iraq…