Iraq oil minister: Markets are stable, no acute volatility, current prices are stable


Iraq’s oil minister, Jabar al-Luaibi, crossed the wires recently arguing that the oil market is stable and there is no acute volatility.

Key quotes (via Reuters)

  • Turkey has asked to buy more crude from Iraq.
  • JMMC meeting will assess commitment of OPEC and OPEC+ states to production cut deal.
  • Premature to predict OPEC decision at JMMC meet in Jeddah.
  • Hopes Iranian gas imports to Iraq will not be halted.
  • Iraq has contingency plan for any halting of Iranian energy imports.
  • Oilfields in north and south safe, completely protected by security forces.
  • Iraq has assured foreign oil companies that oil sites are safe.
  • International oil companies have assured Iraqi government that they are operating as normal.
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