Iraq to Cut Oil Output, but by Less than OPEC+ Target

By John Lee.

Iraq is reportedly cutting its oil output by around 700,000 barrels per day (bpd), a third less than required under an OPEC+ supply pact.

Iraqi oil officials told Reuters that the government failed to persuade the international oil companies (IOCs) to agree to bigger reductions.

More here.

(Source: Reuters)

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