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Iraqi OilMin: Oil market is heading in the right direction

Iraqi Oil Minister Abdul Karim Luaibi is out on the wires now, via Reuters, noting that the oil market is heading in the right direction.

Additional Headlines:

Global oil market heading to stability.

Global oil inventories are falling, contributing to market stability.

Market will continue to stabilise until the end of the year.

Iraq and Kuwait has not agreed on Iraqi export gas price yet.

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