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

CommoditiesOct 17, 2021 11:17AM ET
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© 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.

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

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Comments (9)
Todd Gray
Todd Gray Oct 17, 2021 7:02PM ET
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Bidens OPEC's boy.
Millennial Metals
Millennial Metals Oct 17, 2021 4:12PM ET
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Everyone except for the USA likes Biden
William Smith
William Smith Oct 17, 2021 4:07PM ET
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Now they can produce those nukes that Obama and Kerry want them to have so badly.
Shocking Car videos
Shocking Car videos Oct 17, 2021 4:07PM ET
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maybe they never had.. oh well, nk reason for the US to keep bombing and killing people in country with oil reserve.
Sü Ññy
Sü Ññy Oct 17, 2021 3:42PM ET
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hello
Aleksandr Radchenko
Aleksandr Radchenko Oct 17, 2021 3:07PM ET
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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.
New Jazenevd
New Jazenevd Oct 17, 2021 3:07PM ET
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Do you have plans for higher fruit price?
Klaus Weyers
Klaus Weyers Oct 17, 2021 2:43PM ET
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lets go brandon.. sleepy joe is the cause of high oil prices.. he dismantled US energy independence with his leftist nonsense econ politics
Lluis Consul
Lluis Consul Oct 17, 2021 2:43PM ET
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Then, he is not sleeping that much… no?
Sü Ññy
Sü Ññy Oct 17, 2021 2:43PM ET
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how far
Godswill Jacob
Godswill Jacob Oct 17, 2021 2:33PM ET
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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 🌝
New Jazenevd
New Jazenevd Oct 17, 2021 2:33PM ET
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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.
Alan Rice
Alan Rice Oct 17, 2021 1:28PM ET
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$150+ would be a better indicator. Tic-toc.
New Jazenevd
New Jazenevd Oct 17, 2021 11:44AM ET
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High oil price is an indicator of sheer stupidity, reigning in US at the moment.
Rodney Dangerfield
Rodney Dangerfield Oct 17, 2021 11:44AM ET
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John Eisenbeiser I'm poor and stupid I like NASCAR go Brandon
 
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