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Oil price firms after Iraq says it is ready to cut output

Posted on 24 November 2016

PM indicates willingness to ‘shoulder responsibility’ for Opec production reductions. Iraq’s prime minister said the country is willing to cut some of its own production, in a move that could smooth the way to a supply deal when Opec, the oil cartel, meets next week.
Haider al-Abadi said Iraq would “shoulder responsibility” for some of the planned reductions of the 14-member group’s output to bolster the oil price, according to comments reported by Reuters…………………………………Full Article: Source


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