In an exclusive interview with Reuters, Iraq’s oil minister Hayan Abdel-Ghani said they do not expect OPEC+ to make further cuts to oil output at its next meeting in June, the first indication from an OPEC minister about a potential decision as oil prices slide.
Energy
Iraq does not expect OPEC+ to make further cuts at June meeting
12 May 2023, 4:28 pm 1 minute
Market Impact
Brent crude futures were at $75.25 a barrel at 1710 GMT, set to end the week flat after three weeks of decline.
Article Tags
Topics of Interest: Energy
Type: Reuters Best
Sectors: Commodities & Energy
Regions: Middle East
Countries: Iraq
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story