Iraq U - Turn Boosts Opec Cut Prospects

摘要

Iraq's prime minister on Wednesday gave Opec fresh hope of successfully implementing its planned production cut, claiming the group's second - largest producer -- recently seen as one of the main obstacles to finalizing the deal -- would reduce its output after all. "Iraq will cut its output to preserve prices," Haider al - Abadi was quoted as saying by Bloomberg, adding that the country wanted Opec to reduce its overall production by 900,000 barrels per day.