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Iraq Sees Steady Prices, Considers Buying XOM Stake

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.”

Iraq plans to buy Exxon Mobil Corp s stake in prized oil field

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Iraq Sees Steady Oil Prices and Considers Buying Exxon Stake

Iraq Sees Steady Oil Prices and Considers Buying Exxon Stake May 04 2021, 11:49 AM May 03 2021, 3:47 PM May 04 2021, 11:49 AM (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. (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.”

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