Iraq to Stick to OPEC Output Deal

Iraq, the second largest producer in the OPEC has had to limit output in line with OPEC’s commitment to cut output by about 1.2 million barrels per day (bpd) as part of a deal with Russia and others.“Iraq has made it clear at every time and every event that Iraq will comply with OPEC declarations in good spirit, genuine spirit - said Jabar al-Luaibi, Iraq's oil minister.

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HA HA HA HA HA... that's rich, coming from the OPEC member who hasn't complied with the OPEC deal yet. So we're supposed to believe that they were waiting for additional export capacity to comply with the original deal? HOGWASH.

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