07.10.2016 - Forget Iran, Iraq 'could throw spanner in the works' for OPEC deal
Until recently, Iran was portrayed as the "black sheep" of major oil producer group OPEC, having previously rejected plans to cut or freeze production – but now Iraq is increasingly looking like the potential dissenter in the 14-member organization. On Wednesday, Reuters reported that Iraq – OPEC's second-largest producer – had invited a host of influential organizations and media groups to the country in late October to assess its oil production levels. The move comes ahead of potential wranglings between OPEC members over output allocations, following a deal agreed in late September to cut production to between 32.5 million and 33.0 million barrels per day (bp/d)..............................................Full Article: Source
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