Page 3 - எண்ணெய் அமைச்சர் இசன் அப்துல் ஜபார் News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Iraq wants American firm to replace Exxon, prime minister says
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Oil market sees improved demand, decline in surplus supply- Iraq minister
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Iraqi Oil Minister Supports Output Increase Projects
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$70 Oil Isn t Enough To Stabilize Iraq Right Now: Moody s
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By Laura Sanicola (Reuters) - Oil slipped on Tuesday, pulling back from its recent rally, after OPEC+ producers cancelled a meeting due to clashes over plans to increase supply to meet rising global demand. Ministers from OPEC+, which groups producers from the Organization of the Petroleum Exporting Countries (OPEC) with Russia and others, abandoned talks on Monday as negotiations failed to close divisions. Discussions dissolved after Saudi Arabia, the largest OPEC producer, and United Arab Emirates were unable to agree over the terms for increasing supply. Initially, oil rallied on news of the breakdown in discussions, but prices retreated as traders focused on the possibility that the strife will cause some national producers to open the taps and start exporting more barrels.