Adviser to Iraqi PM says lack of OPEC coordination will lead to price war: INA
The financial adviser to Iraq’s prime minister said that “in the absence of coordination and understandings between OPEC producers, the beginnings of a price war will be formed again,” the Iraqi News Agency (INA) quoted him as saying on Monday.
For the latest headlines, follow our Google News channel online or via the app.
Mazhar Mohammed Saleh added that “the increases in production within the OPEC member countries must be carried out with caution and in high coordination among the member countries themselves to avoid any potential glut in the crude oil supply market that may cause undesirable price imbalances.”
Iraq supports extending OPEC output cut agreement until Dec 2022: Minister
Saudi energy minister says Kingdom considers interests of all in role as OPEC+ chair
Oil prices rise as OPEC+ seeks to overcome impasse over output pact
Iraq supports extending OPEC output cut agreement until Dec 2022: MinisterIraq supports a proposal by OPEC and its allies to extend an agreement to curb oil output until December 2022, Oil Minister Ihsan Abdul Jabbar said on ... Energy
Saudi energy minister says Kingdom considers interests of all in role as OPEC+ chairThere is consensus among OPEC+ countries on extending OPEC+ pact, except for one nation, Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman ... Energy
Oil prices rise as OPEC+ seeks to overcome impasse over output pactOil prices rose on Monday, driven higher by a disagreement inside OPEC+ about output policy that led to a third day of talks to try to break an ... Energy