Iraq oil minister says new oil deal needs support from key oil producers outside OPEC+
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Published Apr 05, 2020 • Last updated Apr 05, 2020 • < 1 minute read
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BAGHDAD — Iraq’s oil minister is optimistic about reaching a new deal among producers to reduce oil output after phone calls with some of his OPEC+ counterparts, his ministry said in a statement on Sunday.
Oil minister Thamir al-Ghadhban said any new deal needs support from key producers from outside the OPEC+ alliance such as the United States, Canada and Norway.
OPEC and Russia have postponed a meeting to discuss oil output cuts until April 9, as a dispute between Moscow and Saudi Arabia over who is to blame for plunging crude prices intensified. (Reporting by Ahmed Rasheed; editing by Jason Neely)
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