Iraq's OilMin Al-Luabibi: Regional tensions pose challenges to oil markets

Iraq's Oil Minister Jabar al-Luaibi crossed the wires in the last minutes saying that regional tensions continued to pose challenges to oil markets. "The JMMC (Joint OPEC-Non-OPEC Ministerial Monitoring Committee) must monitor markets to pave way for a new deal to stabilise markets and support prices at OPEC meet in Vienna," the minister added, as reported by Reuters.