Oil prices are more affected by the situation in Iraq than in Ukraine - OPECThe situation around Ukraine has less impact on the value of hydrocarbons in the world market than the violent conflict in Iraq, the head of OPEC, Abdullah El-Badri, said today on the sidelines of the World Petroleum Congress."The situation with Ukraine has been there for several months. Its impact on oil prices is not very high. Overall, the market is stable, only in the last two or three days has it seen excitement over Iraq. The influence of events in Iraq on the market is stronger than that of Ukraine. The market is disturbed because of Iraq," the head of OPEC said, expressing hope for a quick normalization of the situation in both countries, RIA Novosti reports.
The situation around Ukraine has less impact on the value of hydrocarbons in the world market than the violent conflict in Iraq, the head of OPEC, Abdullah El-Badri, said today on the sidelines of the World Petroleum Congress.
"The situation with Ukraine has been there for several months. Its impact on oil prices is not very high. Overall, the market is stable, only in the last two or three days has it seen excitement over Iraq. The influence of events in Iraq on the market is stronger than that of Ukraine. The market is disturbed because of Iraq," the head of OPEC said, expressing hope for a quick normalization of the situation in both countries, RIA Novosti reports.
