Companies Oil Marketing Company FollowCAIRO, Nov 26 (Reuters) - The OPEC+ meeting in December will take into account the condition and balance of the market, Iraq's state news agency quoted Saadoun Mohsen, a senior official at the country's state oil marketer SOMO, as saying on Saturday.
OPEC+'s October decision to reduce production by two million barrels per day (bpd) had played an important role in stabilising global markets, Saadoun, who serves as Iraq's delegate to OPEC, said.
OPEC+, which includes members of the Organization of the Petroleum Exporting Countries and its allies led by Russia, will hold its next meeting in Vienna on Dec. 4.
Oil markets are witnessing "severe fluctuations" due to the repercussions of the pandemic, a slowing global economy and the war in Ukraine, the Iraqi official said, making it harder to ensure price stability.
Reporting By Ahmed Tobla; Writing by Moaz Abd-AlazizOur Standards: The Thomson Reuters Trust Principles.