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