Iraq to not produce over 4M oil bpd - Breaking The News
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Iraq to not produce over 4M oil bpd

Markets
Christian Baha / AC

1 min read

EPA-EFE/AHMED JALIL

Iraq's Oil Minister Hayyan Abdul Ghani said Monday that his country will follow OPEC's (Organization of the Petroleum Exporting Countries) decisions regarding production, stating that the country will not exceed a production level of 4 million barrels per day (bpd), SkyNews Arabia reported from a conference.

Furthermore, he noted that current oil exports leaving Iraq are estimated to range between 3.35 million and 3.4 million barrels per day.

West Texas Intermediate (WTI) for March contracts went down 0.95% to $76.11 a barrel at 12:8 pm ET. Brent for April deliveries lost 1.01% to $81.36 per barrel.

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