Iraq has forecast the average price of its crude oil at $50/b in 2021, 23.4% higher than that which was proposed in the 2020 budget, as OPEC’s second largest producer plans for energy reforms over the next few years, according to a government white paper seen by S&P Global Platts. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Iraq’s oil revenues are also forecast to rise 23.4% to Dinars 71.86 trillion ($60 billion) in 2021 from an estimated Dinars 58.22 trillion in 2020, the document showed. The country’s estimate for its oil price and revenue differ from that of the International Monetary Fund, the white paper showed. The IMF has forecast Iraqi crude price at […]