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[size=38]Oil Minister: The Acceptable Price For A Barrel Of Crude Is $100
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04/17/2022 | 2:48 PM
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04/17/2022 | 2:48 PM
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Information / Baghdad..
Oil Minister Ihsan Abdul-Jabbar said that Iraq was under pressure to increase its oil production outside the scope of OPEC's production policy, apparently from the repercussions of the Russian war on Ukraine.
He added in a television interview that "consumers always pressure their governments to reduce prices, while the rise in oil prices was not more severe as imagined, but it is due to the high rates of inflation globally and the increase in the prices of materials and raw materials."
The minister explained that "the price of $100 per barrel of oil is an acceptable price."
Ihsan Abdul-Jabbar stressed that "OPEC is committed to providing the necessary oil supplies to compensate for any crude oil deficit." finished/25h
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