Iraq said it may seek a two month extension to implement the extra production cuts it’s carrying as part of the OPEC+ deal. (Bloomberg) — Iraq said it may seek a two month extension to implement the extra production cuts it’s carrying as part of the OPEC+ deal, suggesting that Baghdad wouldn’t be able to reduce its output as quickly as it previously promised. The country pumped above its OPEC+ output quota earlier this year and as a result it’s now making deeper cuts to compensate. Initially, Baghdad promised to resolve the matter in August and September, but now it’s signaling it may need a bit longer. “If the full compensation volumes cannot be made by the end of September, Iraq will request the Joint Ministerial Monitoring Committee to seek an expedited decision from the OPEC+ countries, immediately after the committee’s meeting on September 17th, for an extension of […]