May 10, 2017 / 3:30 PM / 4 months ago

Iraq supports extension of OPEC-led oil output cut for further six months - source

FILE PHOTO: A view shows the al-Shuaiba oil refinery in Basra, Iraq, April 20, 2017. REUTERS/Essam Al-Sudani/File Photo

BAGHDAD (Reuters) - Iraq supports the extension of an OPEC-led oil output cut for a further six months, said an Iraqi oil source after the country’s oil minister met with his Algerian counterpart to discuss the matter.

“Iraq is on board with extending the deal in the next OPEC meeting to help stabilise oil prices and balance the market.” said the source.

Reporting by Ahmed Rasheed; Writing by Isabel Coles; Editing by Elaine Hardcastle

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