Iraqi Oil Minister: We expect the price of a barrel to...


Iraq’s Oil Minister Ihsan Abdul-Jabbar said he expects it to reach oil prices In 2022, to $100 per barrel, indicating that this is related to a decline global oil reserves.

Abdul-Jabbar pointed out that the “OPEC +” organization is discussing ways that can be followed to balance oil prices, noting that there is no decision about increasing production above the agreed levels, according to the “Eastern Economy” network, today, Wednesday.

The Iraqi Oil Minister said that Baghdad would set a vision for the federal budget for next year on the basis that oil prices would range between 55 and 60 dollars per barrel.

He explained that “OPEC +” opposes any additional increase in oil prices above acceptable levels.

It is noteworthy that the prices of West Texas Intermediate crude futures contracts in New York came below $ 83 a barrel, while Brent crude contracts fell below $ 85 a barrel.





These were the details of the news Iraqi Oil Minister: We expect the price of a barrel to... for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at saudi24news and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

NEXT US Fed holds key rate steady for fourth straight meeting

Author Information

I am Jeff King and I’m passionate about business and finance news with over 4 years in the industry starting as a writer working my way up into senior positions. I am the driving force behind Al-KhaleejToday.NET with a vision to broaden the company’s readership throughout 2016. I am an editor and reporter of “Financial” category. Address: 383 576 Gladwell Street Longview, TX 75604, USA Phone: (+1) 903-247-0907 Email: [email protected]