Reuters logo
Extending OPEC-led oil output cuts by 9 months the best option: Iraq oil minister
May 25, 2017 / 8:45 AM / in 5 months

Extending OPEC-led oil output cuts by 9 months the best option: Iraq oil minister

VIENNA (Reuters) - Iraqi Oil Minister Jabar Ali al-Luaibi said on Thursday that extending the current level of OPEC-led supply cuts by nine months was the best option to restore balance to the crude market.

Iraqi Oil Minister Jabar Ali al-Luaibi speaks during a media conference with Saudi Energy Minister Khalid al-Falih (not pictured) in Baghdad, Iraq, May 22, 2017. REUTERS/Khalid al Mousily

The minister added that a proposal for a nine-month extension with deeper cuts was also on the table.

Reporting by OPEC team; editing by Jason Neely

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below