Russia and Saudi Arabia may be more flexible on supply – Iraqi minister
Both U.S. benchmark WTI and international benchmark Brent crude oils rose above the $32 mark today as new hope for a supply deal emerged. Iraqi Oil Minister Adel Abdel Mahdi said he saw “some flexibility” from Saudi Arabia and Russia for a deal to reduce output amid a global glut.

“This flexibility should be finalized, and we should hear some solid suggestions coming from all parties,” said Abdul Mahdi at a conference in Kuwait City. He didn’t give the details about wha...

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