Iraq seeks stable oil prices as it rebuilds, says premier ...Qatar

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Iraq seeks stable oil prices as it rebuilds, says premier

Iraq, Opec’s second-largest producer, seeks to keep oil prices near current levels to ensure market stability as the country rebuilds, according to new Prime Minister Mohamed Shia al-Sudani. The nation is “keen that oil prices don’t exceed $100 a barrel, nor drop in a way that affects supply and demand,” he told reporters in Baghdad. Global benchmark Brent crude settled at $95.99 a barrel on Friday. Iraq is trying to boost revenue after decades of turmoil marked by wars, sanctions and militant attacks, according to the premier. Al-Sudani, who took office last month, said Iraq’s production quota in the Opec+ alliance should be reviewed to take those factors into account. This will be discuss

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