Iraq says OPEC+ cuts unchanged in March meeting, but easing after

Iraq said on Wednesday OPEC+ would keep its output cuts policy unchanged at a March meeting, but that Saudi Arabia would likely abandon voluntary production cuts of 1 million barrels per day (bpd) after that as oil prices rally.
 

Iraqi Oil Minister Ihsan Abdul Jabbar said he anticipated an oil price of $58 to $63 in 2021. The minister spoke at a news briefing in Baghdad.
 

Abdul Jabbar said he hoped Saudi Aramco might get a share in a deal to develop Iraq's Akkas gas field.
 

He said a consortium led by oilfield services provider Schlumberger was now the front-runner