A crude oil price of $100 per barrel would be unsustainable, said the Iraqi Oil Minister, Ihsan Abdul Jabbar Ismail, as quoted by Reuters. In an interview with Skynews Arabia, Abdul jabber Ismail also said that Iraq planned to raise its oil production capacity to 8 million barrels daily, saying this would be a balanced production capacity.
The senior Iraqi official’s opinion regarding oil prices is similar to that of Bank of America analysts who last week warned that Brent crude may well hit $100 this winter. With gas prices soaring, an uptick…Oil At $100 Unsustainable: Iraqi Minister
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