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Iraq, OPEC stress need to coordinate to stabilise prices

Published 03/19/2023, 01:38 PM
Updated 03/19/2023, 01:40 PM
© Reuters. FILE PHOTO: Iraqi Prime Minister Mohammed Shia Al Sudani signs the guest book during a reception at Qasr Al Watan in Abu Dhabi, United Arab Emirates, February 09, 2023. Mohamed Al Hammadi/UAE Presidential Court/Handout via REUTERS

© Reuters. FILE PHOTO: Iraqi Prime Minister Mohammed Shia Al Sudani signs the guest book during a reception at Qasr Al Watan in Abu Dhabi, United Arab Emirates, February 09, 2023. Mohamed Al Hammadi/UAE Presidential Court/Handout via REUTERS

CAIRO (Reuters) - Iraq's Prime Minister Mohammed Shia al-Sudani and OPEC Secretary General Haitham Al Ghais stressed the need to coordinate among oil-exporting nations to ensure prices do not fluctuate and impact both exporter and consumer countries, the Iraqi government said in a statement.

Iraq is one of the founding members of the Organization of the Petroleum Exporting Countries (OPEC).

Latest comments

coordinate means keep prices high to screw the rest of us!
Exactly. They only feel the need to "coordinate" when prices are falling.
If they are hoing to collude than they dont deserve the oil
they have the oil which is why they can collude - its you going to the pump and paying massive hidden gov taxes - oil cost is less than half pump prices usually
OPEC appears to do a better job at managing markets than the worlds central banks, especially when having to deal with the mess created by the latter.  That said, both are not needed as they serve the elites at the expense of all others.
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