HomeNewsWorldIraqi oil ministry says OPEC should be careful before altering output deal

Iraqi oil ministry says OPEC should be careful before altering output deal

Any change would mean higher output exceeding demand "leading to lower oil prices and damaging producers' economies," the ministry said in a statement.

June 22, 2018 / 17:41 IST
Story continues below Advertisement

OPEC oil producers should be careful before altering its deal on production levels so output does not exceed market needs, which would lead to lower prices, Iraqi's oil ministry said on Friday.

Any change would mean higher output exceeding demand "leading to lower oil prices and damaging producers' economies," the ministry said in a statement.

Story continues below Advertisement
Reuters
first published: Jun 22, 2018 05:37 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!