OPEC to discuss possible shortfall in crude supplies - Iraqi oil minister

OPEC to discuss possible shortfall in crude supplies - Iraqi oil minister

BASRA, Iraq (Reuters) - Iraqi Oil Minister Jabar al-Luaibi said on Wednesday that OPEC will discuss a possible shortfall in global crude oil supplies following U.S. President Donald Trump's decision to withdraw from the Iran nuclear deal.

"At the end of the month there is an OPEC meeting and these matters will be on the negotiations table," Luaibi said in response to a question from reporters on whether Iraq would plug the gap in supply expected from the reintroduction of sanctions on Iran's oil sales.

(Reporting by Aref Mohammed; writing by Ahmed Aboulenein; editing by Maher Chmaytelli)

This story has not been edited by Firstpost staff and is generated by auto-feed.


Updated Date: May 10, 2018 01:05 AM

Also Watch

It's A Wrap: Omerta star Rajkummar Rao in conversation with Parul Sharma
  • Thursday, April 26, 2018 In the Kanjarbhat community, a campaign against 'virginity tests' is slowly gaining ground
  • Thursday, April 19, 2018 Watch: National-level skater and coach Dhwanit Rele trains and nurtures budding athletes
  • Monday, May 14, 2018 FOMO Episode 1: Google Assistant, This is America, Sonam's wedding & Global Warming
  • Saturday, May 19, 2018 Social Media Star: Rajkummar Rao and Bhuvan Bam open up about selfie culture, online trolls

Also See