Friday, December 2, 2016

Iraq Can’t Commit To OPEC’s Oil Output Deal


Iraq Can’t Commit To OPEC’s Oil Output Deal

By By Bilal Wahab,   /  Thursday, December 1, 2016 10:00 AM
Iraqi Kurdistan Starts Oil Exports
Despite pressure from OPEC to cap its oil production, the Iraqi government can neither afford a production cut nor enforce it upon the Kurdistan Regional Government. Under tremendous fiscal pressure, OPEC members may cut a deal in Vienna this week that would cap oil production in order to raise global prices. The deal is being

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