Iraq oil minister: Markets are stable, no acute volatility, current prices are stable

Eren Sengezer FXStreet

Iraq's oil minister, Jabar al-Luaibi, crossed the wires recently arguing that the oil market is stable and there is no acute volatility.

Key quotes (via Reuters)

Turkey has asked to buy more crude from Iraq.
JMMC meeting will assess commitment of OPEC and OPEC+ states to production cut deal.
Premature to predict OPEC decision at JMMC meet in Jeddah.
Hopes Iranian gas imports to Iraq will not be halted.
Iraq has contingency plan for any halting of Iranian energy imports.
Oilfields in north and south safe, completely protected by security forces.
Iraq has assured foreign oil companies that oil sites are safe.
International oil companies have assured Iraqi government that they are operating as normal.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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