News that Iraq is willing to join OPEC cuts sends prices higher
Oil prices turned positive Wednesday as Iraq said it was willing to join an OPEC cut in production. Iraq and Iran have both been holding out on joining the rest of OPEC in production cuts as the former looks for ways to fund its war against ISIS, and the latter tries to regain lost market share following the end of international sanctions.

Iraq is now prepared to cut production with the group, however, the country’s oil minister Jabbar al-Luaibi told The Wall Street Journal.

...


Legal Notice