Stock market quotes, forex, financial news, forex tools – money-investing.com

Iraq is planning to support a decision on the freeze level of oil production

 Breaking News
  • The intensification of the conflict between the USA and China leads to reduction of oil prices The energy market has started the trading session rather unsuccessfully. The next round of the trade war between the States and China caused the price fall. Because of this investors...
  • Germany saves Lufthansa An air carrier Deutsche Lufthansa AG has suffered losses because of the spread of the coronavirus pandemic. It became known that the German government had not left the matter unattended...
  • Israel economy sets anti-records Israel is a recognized high-tech paradise, a stable and strong platform for business development. However, the economy of the country in the Middle East has failed to resist the consequences...
  • A car rental service Hertz went bankrupt Hertz, the largest US car rental company, has filed for bankruptcy. The company was founded already in 1918. For a hundred years, Hertz has coped with the Great Depression, the...
  • Monday starts with the growth of oil prices The energy market started today’s trading session with the steady growth. Quotes are increasing on the signals about the recovery in demand and a decrease in production in the States....

Iraq is planning to support a decision on the freeze level of oil production

Iraq is planning to support a decision on the freeze level of oil production
August 31
15:00 2016

According to Reuters, on Tuesday Iraqi Prime Minister Haider al-Abadi made a statement that the country was going to support the decision of the OPEC  member countries to suspend the production of raw materials. This will be done to support oil prices.

An informal meeting of the countries, which participate in OPEC (The Organization of the Petroleum Exporting Countries),  is planned in Algeria. It will be held at the International Energy Forum, which will begin on 26 September.

Reuters said that Iraq, which is the second oil producing country, had not expressed its position clearly, sending “controversial” signals.

Last week Iraq’s Oil Minister said that the state’s government was going to play a “very active role” along with other OPEC countries in order to support prices.
A week earlier Reuters announced that Iran was likely to agree to suspend the production of raw materials after the Algerian OPEC meeting. The sources of the agency note that despite the general uncertain position of Iran, the leadership of the country is aimed at finding the understanding with other OPEC member states.

Related Articles

0 Comments

No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Write a Comment