Iraq, Kazakhstan Pledge Compliance With OPEC+ Oil Output-Cut Targets

Publish date: 2024-08-22

Iraq and Kazakhstan pledged compliance with new OPEC+ oil targets after failing to fully cut production as promised last month.

The OPEC+ alliance, which is led by Saudi Arabia, agreed to slash production during the first quarter to avert a global oil surplus and shore up prices. While several countries appear to have complied, Baghdad and Astana were once again delinquent.

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