oil production cuts

OPEC+ faces a tough decision on easing production cuts as non-OPEC oil growth, especially from the U.S., complicates the group’s strategy

Iraq’s oil output in September fell below its OPEC+ quota, reflecting efforts to align with the alliance’s compliance requirements amid reduced exports and regional disruptions.

OPEC+ has decided to maintain its output policy, with an increase planned in December. Emphasis remains on ensuring compliance from member nations.