during a meeting to discuss the Iraqi crisis on Friday.

  The official said in a press statement received by “Shafaq News" that “ Kerry pointed out during the meeting to the statements of the Saudi oil official recently that Saudi Arabia will increase supply if the crisis in Iraq and Syria led to delay supplies.

The official added that "the minister pointed positively to the statement made recently by the official in the Saudi Kingdom which reflects the kingdom’s desire to do what is needed in case of any trouble."

The official said that Kerry sees the Saudi official's remarks as "constructive."

U.S. officials have expressed their belief that the fears in the oil markets will decline following the formation of a more inclusive government in Baghdad that can deal with a revolt by militants threatening to divide Iraq.

Any change on the price of Brent crude didn’t take place during trading on Friday in the wake of one of the largest weekly decline witnessed by the international crude measurement of this year due to declining fears about Iraq's exports.

Prices fell more than two dollars higher than the level reached in nine months, 115.71 dollars recorded on 19 of June and that with the continued production of oil fields in south Iraq unchanged despite fighting in the country's north and west. Oil fields in southern Iraq produce, most of Iraq's production, which amounts to 3.3 million barrels per day.