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.

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