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Dubai: Iraq, Saudi Arabia and Russia agree on the importance of maintaining stable oil markets and fair prices, Iraq's Prime Minister Office said on Tuesday.
The remarks followed a meeting in Baghdad between Iraqi Prime Minister Mohammed Shia al-Sudani, Saudi Arabian Energy Minister Prince Abulaziz bin Salman, and Russian Deputy Prime Minister Alexander Novak.
They discussed "the conditions of global energy markets and matters related to the production of crude oil, its flow to markets, and meeting demand," the Prime Minister's office said.
"The importance of maintaining stability, balance, and fair prices was emphasised, while stressing the vital role played by the OPEC+ group in this regard," the office added.
OPEC+, which comprises the Organization of the Petroleum Exporting Countries (OPEC) led by Saudi Arabia and allies led by Russia, is set to hold its next oil policy meeting online Dec. 1 where it will weigh a possible further delay to plans to raise output, two OPEC+ sources said on Monday.
OPEC+ might again delay its planned output increases due to weak global demand, OPEC+ sources told Reuters last week.