Commodities & Futures News

Iraq, OPEC stress need to coordinate to stabilise prices


FILE PHOTO: Iraqi Prime Minister Mohammed Shia Al Sudani signs the guest book during a reception at Qasr Al Watan in Abu Dhabi, United Arab Emirates, February 09, 2023. Mohamed Al Hammadi/UAE Presidential Court/Handout via REUTERS

CAIRO (Reuters) – Iraq’s Prime Minister Mohammed Shia al-Sudani and OPEC Secretary General Haitham Al Ghais stressed the need to coordinate among oil-exporting nations to ensure prices do not fluctuate and impact both exporter and consumer countries, the Iraqi government said in a statement.

Iraq is one of the founding members of the Organization of the Petroleum Exporting Countries (OPEC).

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