Baghdad — OPEC and its allies will work to stabilize the oil market and reverse the slump in prices when they meet in Vienna in two weeks, Iraq’s deputy oil minister said Wednesday. Receive daily email alerts, subscriber notes & personalize your experience. Register Now “I’m not worried about” the recent drop in prices, Fayadh Nema told reporters on the sidelines of a conference in Baghdad. “There is coordination with the ministers regarding this issue.” OPEC and 10 non-OPEC partners, led by Russia, will meet December 6-7 to decide on output policy, with some members, notably Saudi Arabia, suggesting that the coalition may need to cut up to 1.4 million b/d in 2019 to prevent a supply glut. Prices faltered over recent weeks, however, leading to speculation that the coalition may have to cut deeper, though political pressure from US President Donald Trump, who has tweeted that he wants […]