Iraq Oil Minister HE Ihsan Abdul Jabbar Ismaael said in a local media outlet that they will support any decision by the OPEC and its allies (OPEC+) about future oil output policy.
He denied the Reuters report, citing that Iraq and other countries were debating if they should roll over existing cuts into 2021.
WTI regains the $36 mark
WTI is once again attempting recovery above $36, having hit a daily low of $35.36 in early Europe.
- Kuwait supports any OPEC+ decision on oil supply policy
- WTI recovers from four-month low as Kuwait denies division in OPEC+ on output cuts