# Exclusive: Iraq does not expect OPEC+ to make further cuts at June meeting

> Iraq's oil official said OPEC+ will make no additional reductions at the June 3-4 meeting. He added that Iraq cannot cut output further.

- Date: 2023-05-12 · published 2023-05-12T12:00:00.000Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/35861-exclusive-iraq-does-not-expect-opec-to-make-further-cuts-at-june-meeting
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

No further cuts signal that supply will not be tightened beyond current levels, which could cap crude price gains.

## Read by commodity

- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2024-01-29 | [No changes to oil production policy expected at OPEC+ meeting](https://feedsoft.ai/events/32041-no-changes-to-oil-production-policy-expected-at-opec-meeting.md) | -6.0% | -0.7% |
| BRENT | 2019-12-01 | [Five things to watch at this week’s Opec meeting](https://feedsoft.ai/events/55741-five-things-to-watch-at-this-week-s-opec-meeting.md) | +3.1% | +7.7% |
| BRENT | 2019-08-11 | [Opec mulls further output cuts to support oil prices](https://feedsoft.ai/events/57508-opec-mulls-further-output-cuts-to-support-oil-prices.md) | +1.5% | +6.0% |
| BRENT | 2025-01-29 | [Kazakhstan to decide on oil output cuts after OPEC+ meeting \| Reuters](https://feedsoft.ai/events/26426-kazakhstan-to-decide-on-oil-output-cuts-after-opec-meeting-reuters.md) | -1.7% | -6.0% |
| BRENT | 2024-07-25 | [What Is Likely to Happen at Next OPEC Meeting? \| Rigzone](https://feedsoft.ai/events/29161-what-is-likely-to-happen-at-next-opec-meeting-rigzone.md) | -1.6% | -6.0% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/iraq-does-not-expect-opec-make-further-cuts-june-meeting-2023-05-12/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.