A perfect storm of factors — OPEC cuts, bad weather in the Basra Gulf, and flooding — caused Iraq’s output to fall by more than 4 percent. Iraq’s oil output continued a downward trend in March, falling by 210,000 barrels per day compared to February to the lowest production levels in five months. The steep drop was a result of several factors, including measures taken by the Oil Ministry to reduce output in state-run fields in line with an OPEC agreement , and also unplanned interruptions due to bad weather […]