BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
COOKIE NOTICE

Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.


  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

In this list
Oil

Iraq will respect OPEC agreement and not raise production: ministry

Agriculture | Grains | Energy | Thermal Coal | LNG | Natural Gas | Oil | Crude Oil | LPG | Refined Products | Petrochemicals | Shipping | Tankers

Market Movers Asia, Jun 24-28: Trump, Xi to meet at G20 summit; US to announce additional sanctions on Iran

Oil

Platts Rigs and Drilling Analytical Report (RADAR)

Oil | Refined Products | Fuel Oil | Shipping | Dry Freight | Marine Fuels | Tankers

Mediterranean Bunker Fuel Conference, 8th Annual

Oil | Crude Oil | Refined Products

La refinería de Curazao, cerca de quebrar por la falta de crudo de PDVSA

Iraq will respect OPEC agreement and not raise production: ministry

Dubai — Iraq will respect the current supply agreement which has been put in place by OPEC and not take initiative to raise production, the ministry said Sunday in a statement published on its website.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

"Iraq does not take an individual decision to increase production to compensate for the shortage of oil supplies, whatever the reasons, because it respects the collective decision of the organization," it said.

OPEC's Joint Ministerial Monitoring Committee, the technical committee, is scheduled to meet in Jeddah on May 19, ahead of a full OPEC meeting in Vienna in June.

Iraqi oil output was around 4.57 million b/d in April, which is around 60,000 b/d above the quota it was allocated by OPEC, according to estimates from Platts. Under the agreement, Iraq was supposed to cut its production by 140,000 b/d from an October 2018 base, which would put its target level at 4.512 million b/d.

--Miariam Malek, miriam.malek@miriam.malek@spglobal.com

--Edited by Claudia Carpenter, claudia.carpenter@spglobal.com