Saudi Arabia, Iraq pledge to maintain oil production cuts agreed between OPEC, other nations

Saudi Arabia and Iraq have expressed their commitment to abiding by an agreement to cut oil production that was signed between the Organisation of the Petroleum Exporting Countries (OPEC) and 10 other nations, Firstpost reports.

The two countries assured their complete commitment to reducing production during a meeting held on Wednesday night between Saudi Crown Prince Mohammad bin Salman and Iraqi oil minister Jabar al-Luaibi.