Iraq Oil Minister Sees Crude Over $100 a Barrel This Year

  • Minister says he wants OPEC+ to continue market coordination
  • Oil prices seen staying higher for next 3-4 years on demand
Ihsan Abdul Jabbar

Photographer: Hussein Faleh/AFP/Getty Images 

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Oil will trade at more than $100 a barrel for the rest of the year and stay high for the next several years, requiring the continued efforts of the OPEC+ producers’ group to manage supply and demand, according to Iraq’s energy minister.