OPEC’s second-largest oil producer, Iraq, will support any unanimous decision that the OPEC+ group makes regarding the alliance’s future oil production policy, Iraqi Oil Minister Ihsan Abdul Jabbar Ismaael said on Friday, as quoted by Reuters. Earlier this week, a Reuters report said that Iraq, the United Arab Emirates (UAE), and Kuwait—the biggest OPEC producers behind Saudi Arabia—are reportedly not particularly inclined to support a rollover of the cuts of 7.7 million barrels per day (bpd), because such cuts are too deep for their economies and budget incomes to sustain. Sources in OPEC told Reuters that the two leaders of the OPEC+ pact, Saudi Arabia and Russia, would be inclined to favor rolling over the cuts of 7.7 million bpd in 2021, instead of easing them by 2 million bpd as set out in the current OPEC+ production agreement. However, the UAE and Kuwait, which have typically followed Saudi […]