by Bloomberg
|Tuesday, May 04, 2021
Iraq said crude prices would probably remain around $65 a barrel in the coming months and announced it's considering buying Exxon Mobil Corp.'s stake in one of the world's biggest fields.
(Bloomberg) -- Iraq, OPEC’s second-biggest oil producer, said crude prices would probably remain around $65 a barrel in the coming months and announced it’s considering buying Exxon Mobil Corp.’s stake in one of the world’s biggest fields.
The Organization of Petroleum Exporting Countries and its allies -- a 23-nation grouping known as OPEC+ -- will continue trying to keep crude prices “within normal averages,” Oil Minister Ihsan Abdul Jabbar told reporters in Baghdad. “There is no concern about a drop in prices.”