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2021-06-13

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Iraq Sees Oil Prices at $68 to $75 a Barrel in 2nd Half

(Bloomberg) -- Iraq, OPEC’s second-biggest oil producer, said crude prices will be in the range of $

Iraq Sees Oil Prices at $68 to $75 a Barrel in 2nd Half

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Oil consumption will jump by about 5 million barrels a day -- or roughly 5% -- in the second half of 2021 versus the first as the world emerges from the pandemic slump, it added.</p>\n<p>OPEC and its partners have restored almost 40% of the production they shuttered when the coronavirus crushed demand a year ago, and will gather on July 1 to consider reviving the remainder.</p>\n<p>Iraq said in May it’s considering buying Exxon Mobil Corp.’s stake in <a href=\"https://laohu8.com/S/AONE\">one</a> of the world’s biggest fields. 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Oil consumption will jump by about 5 million barrels a day -- or roughly 5% -- in the second half of 2021 versus the first as the world emerges from the pandemic slump, it added.\nOPEC and its partners have restored almost 40% of the production they shuttered when the coronavirus crushed demand a year ago, and will gather on July 1 to consider reviving the remainder.\nIraq said in May it’s considering buying Exxon Mobil Corp.’s stake in one of the world’s biggest fields. 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Iraq Sees Oil Prices at $68 to $75 a Barrel in 2nd Half

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