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Iraq worried OPEC price war in the offing

The financial adviser to Iraq’s prime minister said that “in the absence of coordination and understandings between OPEC producers, the beginnings of a price war will be formed again,” the Iraqi News Agency (INA) quoted him as saying on Monday.

Mazhar Mohammed Saleh added that “the increases in production within the OPEC member countries must be carried out with caution and in high coordination among the member countries themselves to avoid any potential glut in the crude oil supply market that may cause undesirable price imbalances.”

Source: English Al-Arabiya

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