Commodities
Iraq Says Extending Output Cuts Is Decision for OPEC
West Qurna oil field near the city of Basra.
Photographer: Nabil al-Jurani/AP PhotoThis article is for subscribers only.
Iraq’s oil minister said any extension to output cuts is a matter for OPEC, and the country will stick to whatever the group decides.
“Extending the voluntary reduction on crude oil is subject to agreement between OPEC countries,” Oil Minister Hayyan Abdul Ghani told reporters Sunday. “Iraq is part of OPEC and it is necessary that we adhere to and agree with any decisions issued by the organization.”