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Libya's Oil Minister Oun Is Suspended Pending Investigation

Libya's Oil Minister Oun Is Suspended Pending Investigation
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Iraq: OPEC+ Is Working to Limit Challenges Affecting Oil Market Stability

The OPEC+ group of oil producers is working to limit the challenges affecting the stability of the global oil market, Iraq's oil minister Hayan Abdel-Ghani said on Saturday. Voluntary output cuts by OPEC+ since November have allowed member states like Iraq to achieve the highest rates of balance between supply and demand, helping them achieve stability in the global oil market, its oil ministry has said. ....

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Oil Prices Rise on Saudi, Russian Voluntary Production Cuts

Oil prices rose on Tuesday after Saudi Arabia and Russia, the world's biggest oil exporters, deepened oil cuts on Monday. Saudi Arabia said it would extend its voluntary oil output cut of one million barrels per day (bpd) for another month to include August, adding that the cut could be extended beyond that month. Also, Russian Deputy Prime Minister Alexander Novak said Moscow would cut its oil exports by 500,000 barrels per day in August. ....

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