Home Iraq’s OilMin: Oil at $70 a barrel is an acceptable price

Iraq’s OilMin: Oil at $70 a barrel is an acceptable price

Updated: 10 Jul. 2019 | 11:17

Reuters reports the latest comments from Iraq’s Energy Minister Jabar al-Luaibi, as he says that oil at $70 a barrel is an acceptable price.

Additional Comments:

Recent OPEC+ extension will help to lower oil inventories.

Deal will also help to stabilize the market and address price volatility.

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