In a joint statement, Saudi Energy minister Prince Abdulaziz bin Salman and Iraqi oil minister Ihsan Ismaael reaffirmed their commitment towards meeting production cuts and the extra cuts under the compensation regime. Iraq has pledged to make additional cuts of 400,000 b/d of its August and September quotas to compensate for its overproduction in May, June and July, bringing its effective quota to  3.404 million b/d.