Too soon to say if OPEC should extend output curbs - Iraq

Iraq's Oil Minister Jabar Ali al-Luaibi talks to journalists during a meeting of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna, Austria, November 30, 2016. REUTERS/Heinz-Peter Bader·Reuters
Reuters
0

By Ruthy Munoz

HOUSTON (Reuters) - The Iraqi oil minister said on Monday that it was too early to say if OPEC should extend output curbs and that Baghdad was ready to participate if the producer group decided to prolong supply caps into the second half of the year.

"It's very premature to be talking about any changes," Oil Minister Jabar Ali al-Luaibi said at an energy conference in Houston. "It will depend on oil prices and market stability. If OPEC decides cuts, then Iraq will cut."

(Reporting by Ruthy Munoz; Writing by Simon Webb)

Advertisement

Recommended Stories