Minister says Iraq hopes only economic factors will influence oil prices

Oil barrels are pictured at the site of Canadian group Vermilion Energy in Parentis-en-Born, France, October 13, 2017. (Reuters photo)

SULAIMANI (ESTA) — The Iraqi oil Minister on Monday said that his country hopes that economic factors remain the only influence of oil prices, and it is keen to avoid a crisis in the global oil market.

“We hope there is no more politicization of oil,” oil Minister Hayan Abdel-Ghani told Reuters, responding to a question on the impact of a Western price cap on Russian oil and possible cuts in oil production by Moscow in retaliation.

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