Iraq says 80 dollars a 'reasonable' price for oil
Iraqi Oil Minister Hussein al-Shahristani said on Friday that 80 dollars a barrel is a "reasonable" price for oil and that his country would support any OPEC decision to cut output.
"We have to make sure that produced oil is used for consumption and not for storing.
"Iraq would support a decision by OPEC to cut output either here or in Algeria," the Iraqi minister added.
Most cartel members appeared to rule out an immediate reduction, preferring instead to wait until the next scheduled meeting in Oran, Algeria on December 17.