Saudi Arabia, other Arab states reaffirm commitment to voluntary oil production adjustments

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Saudi Arabia, other Arab states reaffirm commitment to voluntary oil production adjustments
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Saudi Arabia, other Arab states reaffirm commitment to voluntary oil production adjustments

© Reuters. FILE PHOTO: The OPEC logo pictured ahead of an informal meeting between members of the Organization of the Petroleum Exporting Countries in Algiers, Algeria, September 28, 2016. REUTERS/Ramzi Boudina//File Photo - Bahrain, Iraq, Kuwait, Oman, Saudi Arabia and the United Arab Emirates reaffirmed their commitment to"collective and individual voluntary adjustments" to oil production, the Saudi state news agency said on Sunday.

"Furthermore, the ministers reiterated the willingness of the Declaration of Cooperation countries to take additional measures at any time in their continued efforts to support market stability, building on the strong cohesion of the OPEC plus," Saudi state news agency SPA said.

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