Iraq isn’t seeking exemption from OPEC+ production cuts because it does not want crude prices to drop, Alsabaah newspaper reported Nov. 29, citing the country’s oil minister Ihsan Ismaael. Oil ministers are set to meet Nov. 30-Dec. 1 to discuss a potential delay in plans to increase output as of January. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now “Iraq did not request exemption from [OPEC+] production cuts for fear that the oil price will decline anew in global markets,” Ismaael said, according to the newspaper. Ismaael also was cited saying he expects crude prices to touch $50/b early next year amid signals of a slight recovery in global oil demand. Iraq, OPEC’s second largest producer, has struggled to adhere to […]