The Iraqi Minister of Oil, Hayan Abdul-Ghani, told reporters on Saturday that Iraq has implemented enough voluntary cuts in oil production and will not agree to any new cuts adopted by the OPEC+ group at its upcoming meeting next June. OPEC+, which includes members of the Organization of the Petroleum Exporting Countries (OPEC), Russia, and other non-OPEC producers, may extend some voluntary production cuts if demand does not rise. Abdul-Ghani’s remarks took place during a conference held in Baghdad on oil and gas licensing rounds, according to Bloomberg News. It is not clear whether the Iraqi Oil Minister meant to ... (full story)