Iraq won’t agree to new Opec+ oil production cuts, oil minister says

FILE PHOTO: A 3D-printed oil pump jack is seen in front of displayed OPEC logo in this illustration picture. REUTERS/Dado Ruvic

Baghdad: Iraq’s oil minister says Iraq has made enough voluntary oil production reductions and will not agree to any additional cuts taken by Opec+ at its next meeting early next month.

Sources with the knowledge of the matter have told Reuters that Opec+, which includes the Organisation of the Petroleum Exporting Countries, Russia and other non-Opec producers, could extend some voluntary output cuts should demand fail to pick up.