Iraq is ‘fully committed’ to Algiers accord, Barkindo says Russia and other non-OPEC nations will also play their part OPEC’s most senior official said the organization and other major oil producers are “on course” to deliver a deal next month that will temper the global oversupply. All of OPEC’s 14 members as well as erstwhile rivals such as Russia are committed to finalizing the agreement, to be completed when the group meets Nov. 30, Secretary-General Mohammed Barkindo said Monday in a Bloomberg Television interview. Even Iraq, which has demanded an exemption from supply caps and vowed to increase production, is willing to play its part, he said. Oil’s rally above $50 a barrel has faltered amid doubts that the Organization of Petroleum Exporting Countries will make the supply cuts it pledged in Algiers last month as Iran, Iraq, Libya and Nigeria all seek to be excluded from the deal, […]