On Monday, the Iraqi Ministry of Oil confirmed its full compliance with the OPEC+ agreement and the additional agreements concerning the announced cuts, as well as compensation for previously unrealized volumes. Details of the statement were not provided, but this confirmation is seen as an important step within the framework of the OPEC+ group’s efforts to stabilize the global oil market. “We reaffirm our commitment to the OPEC+ agreements and readiness to compensate for unrealized volumes within the stipulated timelines,” the Iraqi Ministry of Oil reported.
