OPEC+ member states lined up on Sunday to endorse the steep production cut agreed this month after the White House, stepping up a war of words with Saudi Arabia, accused Riyadh of coercing some other nations into supporting the move, Report informs, quoting from Reuters.
Kuwait Petroleum Corporation Chief Executive Officer Nawaf Saud al-Sabah also welcomed the decision by OPEC+ - which includes other major producers, notably Russia - and said the country was keen to maintain a balanced oil markets, state news agency KUNA reported.
His was followed by Iraq's state oil marketer SOMO.
"There is complete consensus among OPEC+ countries that the best approach in dealing with the oil market conditions during the current period of uncertainty and lack of clarity is a pre-emptive approach that supports market stability and provides the guidance needed for the future," SOMO said in a statement.
Oman and Bahrain said in separate statements that OPEC had unanimously agreed on the reduction.