Iraqi oil minister says global output deal likely to be extended: RIA

Written by on June 7, 2019

Iraqi Oil Minister Thamer Ghadhban attends a news conference after the OPEC 14th Meeting of the Joint Ministerial Monitoring Committee in Jeddah
Iraqi Oil Minister Thamer Ghadhban attends a news conference after the OPEC 14th Meeting of the Joint Ministerial Monitoring Committee in Jeddah, Saudi Arabia, May 19, 2019. REUTERS/Waleed Ali

June 7, 2019

MOSCOW (Reuters) – Iraqi Oil Minister Thamer Ghadhban said on Friday that OPEC and its allies were most likely to extend their global oil output deal until the end of the year when they hold their policy meeting in coming weeks, RIA news agency reported.

The minister, who is in the Russian city of St Petersburg to attend an economic forum, said the Organization of the Petroleum Exporting Countries and its allies would likely again assess the situation on oil markets in December, RIA reported.

(Reporting by Maria Kiselyova; writing by Tom Balmforth; Editing by Dale Hudson)

Source: OANN

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