Insight Iraq

In-Depth News & Views

Kazakhstan

Iraq to reject further OPEC+ oil output cuts

Baghdad (IraqiNews.com) – The Iraqi Minister of Oil, Hayan Abdul-Ghani, told reporters on Saturday that Iraq has implemented enough voluntary cuts in oil production and will not agree to any new cuts adopted by the OPEC+ group at its upcoming…

Iraq affirms its commitment to OPEC+ voluntary production cuts

Baghdad (IraqiNews.com) – The Iraqi Minister of Oil, Hayan Abdul-Ghani, confirmed on Sunday that Iraq is committed to OPEC+ voluntary output reduction. Abdul-Ghani clarified in a statement to the Iraqi News Agency (INA) that the Oil Ministry is eager to…

JP Morgan expects Iraq to increase oil output in 2025

Baghdad (IraqiNews.com) – JP Morgan sees that three key countries in the Organization of Petroleum Exporting Countries (OPEC) should increase their oil production by 2025. The Head of the Global Commodities Strategy team at JP Morgan, Natasha Kaneva, said in…

Iraq to compensate for surpassing OPEC+ quotas

Baghdad (IraqiNews.com) – OPEC+ said in a statement on Friday that Iraq and Kazakhstan, two members of the coalition, agreed to compensate for excess oil production by further reducing their oil output until the end of 2024. Iraq and Kazakhstan…