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Stabilizing the oil market is a priority of the OPEC+ group of oil producers. The Iraqi oil minister Hayan Abdel-Ghani reaffirmed the group’s responsibility of limiting the challenges hindering the market. The voluntary output cuts by OPEC+ have helped members achieve the highest rates of balance between supply and demand, which will ripple to stability in the global oil market. 

Iraq’s oil minister: OPEC+ is working to limit challenges affecting oil market stability

Stabilizing the oil market is a priority of the OPEC+ group of oil producers. The Iraqi oil minister Hayan Abdel-Ghani reaffirmed the group’s responsibility of limiting the challenges hindering the market. The voluntary output cuts by OPEC+ have helped members achieve the highest rates of balance between supply and demand, which will ripple to stability in the global oil market. 

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