OPEC Secretary General Haytham al-Ghais arrived in Baghdad on Sunday. The Alliance Secretary General’s visit will last two days. In this respect reported TASS, with reference to Asem Jihad, the official representative of the Iraqi Ministry of Oil.
“Al-Ghais arrived in Baghdad today for a two-day visit. Jihad is at the invitation of Deputy Prime Minister for Energy and Oil Minister Haiyan Abdel Ghani.”
The OPEC+ monitoring committee meeting is scheduled for April 3 this year, and the union’s general assembly is scheduled for June 4.
With information Nihon Keizai, Russia and OPEC countries can save oil prices by reducing fuel production. This may be because oil prices fell during the banking crisis in the US.
“If prices continue to fall, OPEC and OPEC+, which includes major oil producing countries, including Russia, may go for additional production cuts,” said Goichi Iwama, professor at the University of Wako.
On March 15, oil prices in the world markets fell to the level of December 21, 2022 in half an hour. May futures for Brent on London’s ICE Futures exchange fell to $75.98 a barrel at 13:59 Moscow time.