OPEC's No.2 Goes Rogue: Plans 600,000 Bpd Oil Output Increase

Iraq has plans to boost its crude oil production by 600,000 bpd to5 million bpdby the end of this year, regardless of its participation in OPEC’s production cut deal. Iraq is the cartel’s second-biggest exporter of crude and has been the most disinclined of all parties to the agreement since its inception, with a