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Iraq oil minister says OPEC and allies working to keep crude price near $70

Iraq’s oil minister said OPEC and its allies are working to keep crude prices close to $70 per barrel as the global economy recovers, state news agency INA reported.

The minister Ihsan Abdul-Jabbar added the ministry “hopes to maintain oil price at more than $65 per barrel.”

Iraq’s oil exports will continue to increase by an average of 400,000 barrels per month, and the country aims to export 3.4 million barrels per day in September, he said.
Source: Reuters (Reporting by Ahmad Elhamy Editing by Chris Reese)

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