Iraqi oil minister expects oil prices at US$68-US$75 in H2

Iraq's oil minister said on Saturday that he expects oil prices to range between US$68 and US$75 per barrel during the second half of this year if OPEC abides by set production output to protect markets.

File photo for Illustration.
File photo for Illustration.

Ihsan Abdul Jabbar also told journalists "there are new projects in which there is a common interest" between Exxon Mobil and Iraq. "We expect that Exxon Mobil will remain in a certain part of Iraq in some investments, it came out only from West Qurna 1," he added.

Reuters