Iraq oil minister says an additional OPEC+ cut is required

Author: Adam Button | Category: News

Comments from Iraq's oil minister ahead of the OPEC+ meeting

  • Additional cut is required
  • Cut proposal will be real
  • Additional oil cuts of 400K bpd not final
  • 1.2mbpd cut is not enough
  • Slower demand is bigger impact next year than non-OPEC supply
  • Deeper cut is needed because of slowing demand
These numbers are mixed in with the private oil inventory data and oil is bouncing around in a 20-cent range.

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