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Iraqi oil ministry says OPEC should be careful before altering output deal

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Reuters BAGHDAD
Last Updated : Jun 22 2018 | 5:35 PM IST

BAGHDAD (Reuters) - OPEC oil producers should be careful before altering its deal on production levels so output does not exceed market needs, which would lead to lower prices, Iraqi's oil ministry said on Friday.

Any change would mean higher output exceeding demand "leading to lower oil prices and damaging producers' economies," the ministry said in a statement.

(Reporting by Ulf Laessing; Editing by Edmund Blair)

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First Published: Jun 22 2018 | 5:31 PM IST

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