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Iraq to Further Cut Oil Output

June 2, 2020

Illustration ony - Image by Douglas Knight/AdobeStock

Iraq will further cut its oil output and remains committed to the OPEC+ deal, finance minister and acting oil minister Ali Abdul Ameer Allawi said on Twitter (TWTR).

OPEC and its allies such as Russia are due to decide later this month whether to extend record oil cuts they approved in April. Iraq has shown weak compliance with its output reduction targets in May.+

(Reporting by Ahmad Ghaddar and Dmitry Zhdannikov; Editing by Jon Boyle)

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