September 12, 2019 / 9:48 AM / 9 days ago

Nigeria and Iraq pledge to cut output to meet OPEC targets

ABU DHABI, Sept 12 (Reuters) - Iraq’s and Nigeria’s oil ministers pledged on Thursday to reduce oil output to comply with their OPEC output targets.

An OPEC+ statement said it was important for all countries to reach full conformity with cuts. It also said OECD oil stocks remained above the 5-year average.

Market monitoring will continue ahead of the next OPEC meeting in December, the statement also said, adding that trade tensions and macroeconomic uncertainties remain. (Reporting by Dmitry Zhdannikov; Editing by Kevin Liffey)

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