Oil minister discusses global market developments with five of his Gulf counterparts

Friday 07th August 2020 - 21:10

Oil minister discusses global market developments with five of his Gulf counterparts

Baghdad - INA

 

 Today, Friday, Oil Minister Ihsan Abdul-Jabbar Ismail discussed the recent developments in global markets, the continued recovery in the global economy and oil demand, as well as the progress that has been made towards rebalancing the oil market.

 The talks took place via a joint phone call between the Iraqi Oil Minister, Saudi Energy Minister Abdulaziz bin Salman Al Saud, Emirati Minister of Energy Suhail bin Muhammad Al Mazrouei, and Kuwaiti Oil Minister Khaled Ali Al-Fadhel.  Bahraini Oil Minister Mohammed bin Khalifa Al Khalifa;  And Omani Energy Minister Mohammed bin Hamad Al-Ramahi.

 The six ministers indicated in a joint statement issued at the end of the communication, which was received by the Iraqi News Agency (INA), that the signs of improvement that have recently appeared on the global economy are very encouraging, and praised the efforts made by countries, all over the world, to reopen their economies in a safe manner.