Iraqi oil minister says oil market seen improvement in demand, decline in surplus
Iraqi Oil Minister Ihsan Abdul Jabbar said on Sunday that the oil market has seen an improvement in demand and a decline in surplus and stockpiles.
His statement comes after OPEC+ ministers agreed on Sunday to boost the oil supply from August.
"The meeting emphasized strengthening collective cooperation, praising the countries' compliance with the agreement, and the positive development in increasing demand for crude, as well as the decline in stocks and oil surplus, which is a positive and influential indicator," Abdul Jabbar said.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)