Iraq's OilMin Al-Luaibi: Iraq seeking a higher price for crude oil than current market prices


The latest headlines are crossing the wires from Iraq's Oil Minister Jabar al-Luaibi, as he says that Iraq is seeking a higher price for crude oil than current market prices.

Additional Comments:

The current oil price of $60-$65 per barrel are ‘relatively comfortable’.

OPEC April meeting will assess members’ compliance with oil output cuts and whether to extend cuts till year end.

Iraq is committed to OPEC oil output cuts.

Oil exports at 3.5m b/d, production 4.5m b/d.

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