Iraq’s Oil Minister Sees Oil Breaking $50 In Early 2021 ...Middle East

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Iraq’s Oil Minister Sees Oil Breaking $50 In Early 2021
source : OILPRICE ( Middle East ) () 10
Oil prices are set to exceed $50 a barrel early next year, thanks to the OPEC+ production agreements, although prices are still volatile because of the pandemic, Iraqi Oil Minister Ihsan Abdul Jabbar Ismaael said over the weekend. “Prices are improving, but they are still sensitive to fluctuations caused by the repercussions of coronavirus,” the oil minister of OPEC’s second-largest producer said at an oil and gas conference in Baghdad on Sunday, as carried by Middle East Monitor. COVID-19 has crippled the oil industries, putting…

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