Iraq says oil price above $80 is ‘a positive indicator’

by Msnbctv news staff


© Reuters. FILE PHOTO: A fuel pump at a petroleum station in Seoul June 27, 2011. REUTERS/Jo Yong-Hak/File Picture

(Reuters) – Iraq’s oil ministry spokesman mentioned that an oil worth above $80 is “a constructive indicator” however wants long run stability.

The oil ministry cited Asim Jihad on its Telegram channel as additionally saying that Iraq goals to realize the very best monetary revenues by committing to the OPEC+ settlement.

He added that the challenges of the worldwide oil market are nonetheless current because of not absolutely containing the coronavirus and its variants.

Earlier this month, OPEC+ caught to its settlement of accelerating manufacturing by 400,000 bpd a month because it unwinds manufacturing cuts.

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