Iraq Wants OPEC+ To Approve Higher Oil Exports

Iraq expects OPEC+ will allow it to increase its oil exports beginning next year, Reuters reported today, citing the Iraqi state new agency INA, which was quoting the country’s oil minister without any further details. Iraq’s oil ministry has denied the claim. Earlier this month, there was another report from INA that said Iraq was seeking an exemption from the OPEC production cuts. Oil minister Ihsan Abdul Jabbar denied the report soon after. Iraq has struggled to reduce its production to the quota allocated it by OPEC+ to rebalance…