Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Iraq says oil price above $80 is 'a positive indicator' - spokesman

Published 10/17/2021, 11:12 AM
Updated 10/17/2021, 11:17 AM
© Reuters. FILE PHOTO: A gas pump at a petrol station in Seoul June 27, 2011. REUTERS/Jo Yong-Hak/File Photo

(Reuters) - Iraq's oil ministry spokesman said that an oil price above $80 is "a positive indicator" but needs long term stability.

The oil ministry cited Asim Jihad on its Telegram channel as also saying that Iraq aims to achieve the highest financial revenues by committing to the OPEC+ agreement.

He added that the challenges of the global oil market are still present due to not fully containing the coronavirus and its variants.

Earlier this month, OPEC+ stuck to its agreement of increasing production by 400,000 bpd a month as it unwinds production cuts.

Latest comments

Bidens OPEC's boy.
Everyone except for the USA likes Biden
Now they can produce those nukes that Obama and Kerry want them to have so badly.
maybe they never had.. oh well, nk reason for the US to keep bombing and killing people in country with oil reserve.
hello
a bakery near my house has increased the price of bread. ok, no problem for me, I will give up their bread and buy more fruit. it will make me healthier. while the bakery will make less profit despite the increase in prices. and in the future I will not return to them for shopping. a similar situation with oil. at one point the price will again be $ 30. therefore, OPEC has very little time left to bring the price back to the estimated $ 75.
Do you have plans for higher fruit price?
lets go brandon.. sleepy joe is the cause of high oil prices.. he dismantled US energy independence with his leftist nonsense econ politics
Then, he is not sleeping that much… no?
how far
Does Iraq also know that global inflation is not so much of a good indicator?👀There needs to be a balance in Dd and Ss 🌝
They sell oil and they want better prices. This is natural. Global inflation should be concern to folks responsible for global inflation. Hint: inflation is produced by money-printing.
$150+ would be a better indicator. Tic-toc.
High oil price is an indicator of sheer stupidity, reigning in US at the moment.
I'm poor and stupid I like NASCAR go Brandon
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.