Highlights Reuters reported Oct. 29 Iraq seeking exemptions Report quoted unnamed Iraqi oil official Kuwait denies report it opposes extension of cuts into 2021 Dubai — Iraqi oil minister Ihsan Ismaael has denied a Reuters report that said Iraq wants to seek an exemption from OPEC+ output cuts in 2021, calling the report “baseless” and reaffirming the country’s support for the curbs agreed in April. Receive daily email alerts, subscriber notes & personalize your experience. Register Now “Iraq welcomed the production adjustment decision reached in April 2020 by all participating countries,” the minister said Oct. 30, according to a statement from state oil marketer SOMO. “Iraq is very keen on achieving stability and balance on the international oil market.” A Reuters report published Oct. 29 and quoting OPEC and industry sources said Kuwait, the UAE and Iraq are debating whether to agree to extending oil output cuts into 2021 […]