After years of dragging its feet on complying with OPEC oil production quotas, Iraq has taken its biggest steps towards implementing its agreed output cuts, as a campaign of financial sweeteners and diplomatic pressure from Saudi Arabia and the US appears to be paying off. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The new government in Baghdad led by Prime Minister Mustafa al-Kadhimi has in recent weeks ordered drastic reductions in crude exports and agreed to compensate for months of overproduction. The change in sentiment coincides with the offer of financial assistance from Riyadh to help Kadhimi’s impoverished government and a diplomatic push from the US, where President Donald Trump’s administration has made reviving oil prices a […]