Iraqi Prime Minister Nouri al-Maliki Friday called for a "balanced" oil price that was fair to both producers and consumers, calling for OPEC and international organizations to look into the reason behind current scorching prices.
"We think that oil prices should be balanced and should be suitable to both producers and consumers," Maliki told reporters in Amman, where he was visiting for talks with his Jordanian counterpart.
Iraq, an OPEC member, supports "the idea of studying the current high oil prices by OPEC and international organizations," he added.
Saudi Arabia is set to host a meeting between the world's major oil producers and consumers - including OPEC members, top U.S. and European government officials, and executives from major oil companies and financial institutions - in Jeddah on June 22 to discuss how to deal with the run-up in oil prices.