Iraq's oil minister: Oil at $75-$80 a barrel is a fair price for producers and consumers

Market news

6 October 2021

Iraq's oil minister: Oil at $75-$80 a barrel is a fair price for producers and consumers

Iraq seeks to expand its production and export capacity in the coming years
Aims to raise its oil production capacity by some 3 mln barrels per day (bpd) to 8 million bpd by the end of 2027
Targets raising its crude export capacity to 6 mln bpd from 4 mln bpd now by the end of 2024

U.S.: Crude Oil Inventories, October 2.346 (forecast -0.418)

IMF: headline CPI should peak this fall and recede to pre-pandemic levels by mid-2022, - Reuters

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.