Saudi Arabia and Iraq will cooperate and coordinate their positions on oil policies within the organization of Petroleum Exporting Countries and will remain committed to decisions already made by the cartel, the two said following a meeting between Iraq’s Prime Minister Mustafa Al-Kadhimi and Saudi Crown Prince Mohammed bin Salman. “The two sides stressed the importance of cooperation in the fields of energy, exchange of experiences and coordination of positions in the oil field within the scope of the Organization of Petroleum Exporting Countries (OPEC) and OPEC Plus,” the post-meeting statement published by the Saudi Press Agency read. “They also stressed full commitment to all decisions that have been agreed upon, in a manner that guarantees reaching fair and appropriate oil prices for exporters and consumers in the global oil market.” Saudi Arabia and Iraq are, respectively, OPEC’s first- and second-largest oil exporter. They have, however, been sometimes at […]