Moneycontrol.com | Iraqi oil minister says expects oil market to be in balance in first quarter CNBC "I am optimistic, and during the first quarter of next year there will be more balance between supply and demand, which will reflect positively on improving global oil prices," he said. A slight rise in oil production in the United States in December ... Iraq has not reached agreement with Exxon on southern oilfields -oil minister Chinese firm ZhenHua Oil to develop oil field near Iraqi capital Baghdad Chinese company to develop big oil field near Iraqi capital |