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Iraqi oil minister said his country is planning to drop oil exports in March to 3.5 million bpd in compliance with Iraq’s quota decided by OPEC last January. Iraq is OPEC’s second largest producer, and its new exports target is 100,000 bpd lower than Jan and Feb exports. OPEC members will meet in Vienna next month to discuss extending production cuts till end of 2019.

Iraq’s Oil Exports to Drop to 3.5 Million bpd in March

Iraqi oil minister said his country is planning to drop oil exports in March to 3.5 million bpd in compliance with Iraq’s quota decided by OPEC last January.

Iraq is OPEC’s second largest producer, and its new exports target is 100,000 bpd lower than Jan and Feb exports.

OPEC members will meet in Vienna next month to discuss extending production cuts till end of 2019.

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