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They also called on oil-producing nations to help cut energy prices by raising output.
Iraq's oil minister, Hussein al-Shahristani, has spoken of raising output to 6m b/d.
But achieving greater production, particularly in Europe, relies on all its regions raising output, and that's not happening.
Trade benefits countries by letting workers specialise in activities in which they are relatively more productive, raising output.
So, he argues, raising output by, say, today's 2m b/d shortfall would flood the market with too much oil.
The currency and exchange policy of a country should be entirely subservient to the aim of raising output and employment to the right level.
Similar(33)
This can lower prices and raise output.
The group is not expected to raise output quotas.
Their aim is to save foreign exchange and raise output.
They have unilaterally raised output in recent weeks.
Mr. Khelil added that OPEC probably would raise output by 1.2 million barrels in September.
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