Iraq’s oil minister says under $70 a barrel is too low

  
Analysis, Crude

Comments from Iraq’s oil minister ahead of the OPEC meeting beginning Monday in Vienna.

  • we have open mind on oil output deal extension
  • fully endorses extension to end of year, no objection to nine months
  • any decision by OPEC, OPEC+ must be taken within premises of OPEC
  •  on deeper cuts, says it’s too early to say
  • says oil prices are on the low side, $70 plus is a good price
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