June 2, 2020 / 11:46 AM / 2 months ago

Iraq pledges to further cut oil output

FILE PHOTO: The logo of the Organization of the Petroleum Exporting Countries (OPEC) is seen inside their headquarters in Vienna, Austria December 7, 2018. REUTERS/Leonhard Foeger

LONDON (Reuters) - Iraq will further cut its oil output and remains committed to the OPEC+ deal, finance minister and acting oil minister Ali Abdul Ameer Allawi said on Twitter.

OPEC and its allies such as Russia are due to decide later this month whether to extend record oil cuts they approved in April. Iraq has shown weak compliance with its output reduction targets in May. [OPEC/O]

Reporting by Ahmad Ghaddar and Dmitry Zhdannikov; Editing by Jon Boyle

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