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Oil Minister Says Iraq Waiting To Gauge Iran Oil Shortfall Ahead Of OPEC Meeting

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Oil Minister Says Iraq Waiting To Gauge Iran Oil Shortfall Ahead Of OPEC Meeting

2018-11-06 14:31:331 Oct 2018 01:53 AM EST

According to a report by Reuters, on Tuesday, Iran's Oil Minister Thamer Ghadhban said that the shortfall in oil supply caused by new US sanctions on Iran had yet to be gauged ahead of an OPEC meeting next month. Ghadhban reportedly said that Iraq wanted to see the “actual decrease” before Baghdad and other members of OPEC decide how to deal with a reduction in Iranian shipments. Ghadhban reportedly told Reuters, “I want to wait and see how much is the actual physical decrease in Iranian exports, and whether this would be compensated by not only OPEC producers but by other countries."

 

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