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Iraq is likely to keep "OPEC +" on the current production policy in the short term
Shafaq News/ Oil Minister Ihsan Abdul-Jabbar suggested, on Wednesday, that "OPEC +" will maintain the current production policy in the short term.
Abdul-Jabbar said in a statement received by Shafaq News Agency, "The members of the Organization of the Petroleum Exporting Countries and its allies aim to reach a state of stability and balance in the energy market, reliable and sustainable for industrialized and crude oil-exporting countries." next short.
He added that the members of "OPEC" and its allies will listen to the study of the market research team in the organization and to study the variables in supply and demand and the expectations of a large number of observers and officials in OPEC during the meeting scheduled for next Thursday.
The Organization of Petroleum Exporting Countries "OPEC" will meet later on Wednesday and over two days to decide whether to proceed with increasing production or stopping it in light of the potential impact on oil demand rates as a result of travel restrictions to curb the spread of the Omicron mutant.
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Abdul-Jabbar said in a statement received by Shafaq News Agency, "The members of the Organization of the Petroleum Exporting Countries and its allies aim to reach a state of stability and balance in the energy market, reliable and sustainable for industrialized and crude oil-exporting countries." next short.
He added that the members of "OPEC" and its allies will listen to the study of the market research team in the organization and to study the variables in supply and demand and the expectations of a large number of observers and officials in OPEC during the meeting scheduled for next Thursday.
The Organization of Petroleum Exporting Countries "OPEC" will meet later on Wednesday and over two days to decide whether to proceed with increasing production or stopping it in light of the potential impact on oil demand rates as a result of travel restrictions to curb the spread of the Omicron mutant.
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