Iraqi Prime Minister Haider al-Abadi said on Wednesday that Iraq would cooperate with OPEC and non-OPEC states to maintain oil price stability and prevent further price hikes. OPEC states, Russia and some other producers agreed last week to a modest increase in oil output from July, although Iraq had been reluctant to support the move during the talks. “Any price increase above current levels could lead to a collapse in oil prices,” Abadi said in a weekly news conference. “Higher oil prices could lead to a setback in prices and this is not of interest to us, nor of interest to other OPEC countries.” He said Iraq had submitted its proposal to the Organization of the Petroleum Exporting Countries […]