Iraq’s Oil Minister Ihsan Abdul Jabbar said oil prices are expected to reach around $45 in the first quarter of 2021, the al-Sabah state newspaper reported on Sunday.
Iraq has also based a draft 2021 federal budget on a projected oil price of $42 per barrel, the paper cited the oil minister as saying.
Tags Ihsan Abdul Jabbar Iraq Reuters International News Agency
Check Also
Lower Natural Gas Prices Squeeze Big Oil’s Profits in Q1 2024
Much lower natural gas prices this year compared to 2023 dragged down profits at some …