Iraqi Oil Minister Expects Oil to Reach Over $75

Ihsan Abdul-Jabbar said the current oil prices are unfitting for producers and that he expects them to return to a stable level in the coming months.

Nayera Abdallah and Moataz Abdel Rahiem, Reuters

Iraq's oil minister said on Dec. 6 that he expects oil prices to reach over $75.

Ihsan Abdul-Jabbar added in a televised interview with state TV, that OPEC is trying to "control the energy market, in a positive way" that maintains the interests of all parties, consumers and producers.

Abdul-Jabbar also said that current oil prices are unfitting for producers and that he expects them to return to a stable level in the coming months.

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