Iraq says premature to talk about cutting oil production by OPEC+ countries

Iraqi Oil Minister Hayan Abdul-Ghani believes it is premature to talk about a 1 million b/d cut in oil production by OPEC+ countries before the meeting in Vienna on June 4, Report informs referring to TASS.

In October 2022, the OPEC+ countries agreed to cut production by 2 million b/d from November.

At the same time, on April 2, several OPEC+ countries announced an additional voluntary reduction in oil production from May to the end of 2023.