Iraq, OPEC’s second-largest oil producer, expects to export 2.8 million b/d of crude oil in June as it seeks to firmly commit to the OPEC+ cuts after it failed to comply with its quota in May, the country’s oil minister Ihsan Ismaael told al-Sharqiya TV on June 14. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The country also plans to reduce domestic crude consumption by switching to gas as feedstock to produce electricity, Ihsan Ismaael told the private TV network. Ismaael reiterated Iraq’s commitment to the OPEC+ production cuts, although the country had flouted its quota in the past. “It is in our interest to commit as OPEC’s second-largest producer,” Ismaael said. “Non-commitment is a slippery slope.” […]