Iraq’s energy minister Hayan Abdel-Ghani met Saudi energy minister Prince Abdulaziz bin Salman on a visit to the kingdom which began on Wednesday.
The two sides also pointed to, “the ability to take further measures, if required, to achieve balance and stability in the market,” according to the statement.
OPEC+, an alliance that groups together Organization of Petroleum Exporting Countries (OPEC) members and their allies, including Russia, next meets on Dec. 4 in Vienna.
In its last meeting on Oct. 5 an output cut of 2 million barrels a day was agreed.
Prince Abdulaziz said earlier this week the group remains ready to take further measures if needed to balance supply and demand.
*Maha El Dahan, Moaz Abd-Alaziz; Editing: Muralikumar Anantharaman & Kim Coghill – Reuters
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