Iraq oil minister: Markets are stable, no acute volatility, current prices are stable

Iraq's oil minister, Jabar al-Luaibi, crossed the wires recently arguing that the oil market is stable and there is no acute volatility.

Key quotes (via Reuters)

  • Turkey has asked to buy more crude from Iraq.
  • JMMC meeting will assess commitment of OPEC and OPEC+ states to production cut deal.
  • Premature to predict OPEC decision at JMMC meet in Jeddah.
  • Hopes Iranian gas imports to Iraq will not be halted.
  • Iraq has contingency plan for any halting of Iranian energy imports.
  • Oilfields in north and south safe, completely protected by security forces.
  • Iraq has assured foreign oil companies that oil sites are safe.
  • International oil companies have assured Iraqi government that they are operating as normal.

GBP/USD struggling near multi-month lows, bears eyeing 1.2800 mark

• Brexit jitters continue to dent sentiment surrounding the British Pound. • Labour Party to vote against May’s Withdrawal Bill and does little to he
Mehr darüber lesen Previous

RBA: Easing coming? – Westpac

Sean Callow, analyst at Westpac, suggests that Australia’s key data releases this week added to the case for RBA easing but left open the question of
Mehr darüber lesen Next