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Energy deals signed by PM Mustafa Al-Kadhimi during his short tenure could be slowed and stifled by a prolonged change in government in Iraq, a market intelligence group has said.
A dispute over oil has long strained relations between authorities in Baghdad, northern Iraq's autonomous Kurdistan region and neighbouring Turkey.
Iraqi Kurdish Prime Minister Masrour Barzani met with Turkey's Foreign Minister Hakan Fidan and its Energy Minister Alparslan Bayraktar in Erbil, the government of the Kurdistan region said.
A suspension in Kurdistan oil exports abroad has halted debt repayments, worrying actors in the semi-autonomous region and Baghdad.
Iraqi Prime Minister Mohmmed Shia al-Sudani says he will visit France for talks on transport, energy, and investment
Russia's president discussed Western attempts to cap the price of Russian oil during a phone call with Iraq's prime minister.
The production cut could spur a recovery in oil prices that have dropped to about $90 from $120 three months ago on fears of a global economic recession, rising US interest rates and a stronger dollar.
Saudi Arabia's remark earlier this week that cutting oil production may be necessary to stabilise violate markets was a 'warning' to US President Joe Biden as the Iran nuclear deal nears completion, according to oil experts.
Sudan has supported comments made by Saudi Arabia's energy minister after he stated OPEC+ is ready to intervene to balance the turbulent oil market
![Long queues for petrol have been seen in Mosul [Getty]](/sites/default/files/styles/large_16_9/public/2022-03/GettyImages-1238563346.jpg?h=2e3693f5&itok=ZvkDqITw)
Long queues have been seen at petrol stations in Baghdad, Mosul, and Kirkuk, with some stations closing, amid unexplained shortages in fuel supply.