April 5, 2020 / 1:39 PM / 3 months ago

Iraq oil minister says new oil deal needs support from key oil producers outside OPEC+

FILE PHOTO: Iraq's Oil Minister Thamir Abbas Al Ghadhban reacts towards journalists as he arrives for an OPEC and NON-OPEC meeting in Vienna, Austria, July 2, 2019. REUTERS/Lisi Niesner

BAGHDAD (Reuters) - Iraq’s oil minister is optimistic about reaching a new deal among producers to reduce oil output after phone calls with some of his OPEC+ counterparts, his ministry said in a statement on Sunday.

Oil minister Thamir al-Ghadhban said any new deal needs support from key producers from outside the OPEC+ alliance such as the United States, Canada and Norway.

OPEC and Russia have postponed a meeting to discuss oil output cuts until April 9, as a dispute between Moscow and Saudi Arabia over who is to blame for plunging crude prices intensified.

Reporting by Ahmed Rasheed; editing by Jason Neely

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