Iraq: market conditions suitable for a global agreement on oil

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Iraq: market conditions suitable for a global agreement on oil

Post  Admin on Fri Sep 23, 2016 9:46 am

Thursday 22-09-2016 | 10:14:17
OPEC logo .. XYZ
OPEC logo .. XYZ

Twilight News / Iraq's ambassador to the Organization of the Petroleum Exporting Countries said OPEC Falah al-Amiri on Thursday that oil market conditions are the best raw producers inside and outside the organization to reach an agreement to support the market when they meet in Algeria next week.

Amiri said he believed that the meeting would be different this time because the conditions have improved so as to help producers to reach agreement in response to a question about the prospects for reaching a deal on oil production.

It is expected that greets producers inside and outside OPEC agreement on the stabilization of crude production when they meet in Algeria during the period from 26 to 28 September, after a similar initiative collapsed in the Qatari capital Doha in April because of Iran's refusal to restrict the size of its oil production.

During the Gulf Intelligence forum of energy markets in Fujairah, United Arab Emirates Al Ameri said that some oil producers have had access to the market share of the best, compared with earlier in the year, and that Iran's production is higher than before after the lifting of sanctions on Tehran, which makes it a good time to reach an agreement .


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