Iraq is committed to all OPEC+ production cut agreements that help contain the volatility in oil prices because OPEC’s second largest oil producer seeks higher prices for its crude exports, the country’s oil minister said Dec. 6. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Ihsan Ismaael said in an oil ministry statement that oil prices are expected to rise in the first quarter 2021 but cautioned about their current trajectory. Iraq has failed to stick to its oil production quota for most of this year, but has vowed to implement compensation cuts to make up for overproduction. Iraq’s federal November crude exports, excluding those from the semiautonomous Kurdistan region, fell 6% month on month to 2.709 […]