OPEC AND OIL PRICES

Iraq Expects Temporary OPEC Production Agreement Will Be Extended After October 

In view of the difficulty of reaching a permanent agreement on a production ceiling and national quotas at the forthcoming OPEC meeting on 6 October, Iraq expects that the OPEC Ministers will decide to extend the term of the temporary production cutback agreement after it expires at the end of October. This was stated by Iraq's Minister of Oil, Mr. Qasim Ahmad Taqi, in an interview...