Iraq's State Oil Marketing Company has cut oil prices to Asian and European buyers.
New Delhi: Crude oil prices have fallen down to a four-year low after Iraq cut down prices over the weekend.
Iraq's State Oil Marketing Company has cut oil prices to Asian and European buyers. The fall is expected to continue as output expands. Kuwait has indicated that OPEC is unlikely to cut output to shore up prices.
Reports say Saudi Arabia has privately told oil markets that it is ready to accept a fall in prices down to 80 dollars a barrel. It is looking to curb output from places like US
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