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An oil barrel price could exceed 60 $, Iraq’ oil minister said

Category: Economy

Date: 2021-01-16T08:31:16+0000
An oil barrel price could exceed 60 $, Iraq’ oil minister said

Shafaq News / The Iraqi Oil Minister, Ihsan Abdul-Jabbar said on Saturday the price of a barrel of oil may reach $ 60 in the second quarter of 2021.

"The average price of Iraqi oil per barrel exceeded $ 53," Abdul-Jabbar said in a statement.

“The financial crisis which Iraq suffered due to the coronavirus pandemic caused a decline in oil prices that caused decreasing oil revenues, altogether have caused a large crisis.

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