+44(0) 800 772 3004

Iraq Oil Minister Confident Oil At 45 Dollars In First Quarter of 2021

Iraq's oil minister has expressed his confidence that the prices of oil will climb to $45 in early 2021.

Iraq's oil minister Ihsan Abdul Jabbar has expressed confidence that the price of oil will climb to $45  during the first quarter of next year.

According to him Iraq's exports in October stands at 2.6 million barrels a day and will likely continue at this level in compliance with an agreement set with OPEC+ in limiting oil production output. He is expecting prices of crude to remain at $41 - $42 a barrel before going up to $45 in the first quarter of 2021. This was based on an interview conducted by the state run Al-Sabah newspaper with Jabbar.

He reiterated that Iraq is fully compliant with OPEC+ with regards to its output quota. 



Read more news like this

Oil and Gas News