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Tag: Thamer Ghadhban

Current OPEC Deal and its impact on Oil Market

Current OPEC Deal and its impact on Oil Market

The Iraqi oil minister Thamer Ghadhban earlier said that an agreement between OPEC and its allies to expand oil output cuts until the end of March 2020 will decrease inventories. He added it would help to stabilize the market and address price irregularity. Ghadhban discussed OPEC’s position on oil prices and said the general view of 70 U.S dollars per barrel or higher was acceptable. He added the producer group sought prices that were fair to both producers and consumers….

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The output and decision on production cuts in the latest OPEC meeting

The output and decision on production cuts in the latest OPEC meeting

The Deputy Prime Minister for Energy and Minister of Oil, Thamer Ghadhban described the harmony of producers from the OPEC and outside the commitment to the agreement to decline production in support of oil prices and stability in the oil market. He pointed out the signs of the increase in global stocks in spite of sanctions on some countries. The statement came after the closure of the 13th meeting of the Joint Ministerial Committee, which was held in the Azerbaijani…

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