The Iraqi Oil Minister expects the price of crude to reach $ 50

Baghdad-ALsharqiya, November 29: Iraqi Oil Minister Ihsan Abdul-Jabbar expected a breakthrough in crude oil prices, and their arrival at $ 50 a barrel by the beginning of 2021.

  The Minister of Oil said in press statements that Iraq will not ask OPEC for an exemption from the agreement to reduce production, adding that he expects the price of crude to reach about $ 50 per barrel at the beginning of 2021. He indicated that the members ’commitment to the agreement will contribute to supporting oil prices and that Baghdad is not seeking an exemption. Fear of a new decline in crude prices.


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