Iraq barely raised a stir in the oil market, refusing to renew a deal OPEC for 9 months

Monday, may 22, beginning to fade, the euphoria in the market of oil > prices for 10% for a fortnight.

Within OPEC disagreement about the fate of the transaction to reduce production, resulting in quotes of the major reference varieties of crude oil dipped nearly 1.5% from the morning highs and I lost almost an entire day’s growth. The reason for this were the claims of Iraq-reports “Диалог.UA”.

Just three days before the final talks in the Austrian capital, where representatives of the OPEC member States and the Russian Federation will gather in order to extend the oil Pact,Iraq suddenly of povilaitiene to its conditions.

Official Baghdad sees no reason to extend the deal for 9 months, considering that it will be enough to extend it for six months.

To convince Iraqis to Baghdad in a hurry flew the delegates from Saudi Arabia, Minister of energy of which on Sunday has announced the global market still 9 months of oil deals. Last predusmatrivaet market with excess supply of 1.8 million barrels per day, what согласились18 States.

In the end, Iraq will agree, but in exchange demanded concessions or financial assistance, citing the economic problems in the country.

As previously reported,China made a breakthrough in gas production, developing the new field of natural resources.