# Iraq says any action to raise oil output won't be unilateral: ministry spokesman

> An Iraqi oil ministry spokesman said Iraq remains committed to OPEC and allied supply cuts and will not raise output unilaterally. He was responding to whether Iraq would compensate for a possible shortfall in Iranian supply.

- Date: 2019-04-22 · published 2019-04-22T12:00:00.000Z
- Category: policy · region Iraq · magnitude low
- Page: https://feedsoft.ai/events/59503-iraq-says-any-action-to-raise-oil-output-won-t-be-unilateral-ministry-spokesman
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Limited willingness to add barrels keeps crude supported if Iranian exports fall, which keeps energy input costs elevated for feed and biofuel margins.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2019-06-29 | [Iraqi oil minister expects 6-9 months OPEC output deal extension](https://feedsoft.ai/events/58528-iraqi-oil-minister-expects-6-9-months-opec-output-deal-extension.md) | -4.2% | -6.1% |
| BRENT | 2019-09-10 | [Iraq will cut oil production, comply with OPEC this month: Minister](https://feedsoft.ai/events/57008-iraq-will-cut-oil-production-comply-with-opec-this-month-minister.md) | +8.6% | -6.9% |
| BRENT | 2019-09-12 | [OPEC members Iraq, Nigeria agree to cut oil output \| OPEC \| Al Jazeera](https://feedsoft.ai/events/57002-opec-members-iraq-nigeria-agree-to-cut-oil-output-opec-al-jazeera.md) | +3.3% | -4.7% |
| BRENT | 2016-11-30 | [Saudis to cut oil output by 0.5 million bpd in OPEC deal: source](https://feedsoft.ai/events/73785-saudis-to-cut-oil-output-by-0-5-million-bpd-in-opec-deal-source.md) | +16.7% | +22.1% |
| BRENT | 2017-04-20 | [OPEC output deal likely to be extended, says Al-Falih](https://feedsoft.ai/events/71420-opec-output-deal-likely-to-be-extended-says-al-falih.md) | -3.4% | -1.3% |
| WTI | 2019-06-29 | [Iraqi oil minister expects 6-9 months OPEC output deal extension](https://feedsoft.ai/events/58528-iraqi-oil-minister-expects-6-9-months-opec-output-deal-extension.md) | -1.4% | -2.5% |
| WTI | 2019-09-10 | [Iraq will cut oil production, comply with OPEC this month: Minister](https://feedsoft.ai/events/57008-iraq-will-cut-oil-production-comply-with-opec-this-month-minister.md) | +8.9% | -8.8% |
| WTI | 2019-09-12 | [OPEC members Iraq, Nigeria agree to cut oil output \| OPEC \| Al Jazeera](https://feedsoft.ai/events/57002-opec-members-iraq-nigeria-agree-to-cut-oil-output-opec-al-jazeera.md) | +4.4% | -5.5% |

## Sources

- reuters.com: https://www.reuters.com/article/us-oil-opec-iraq/iraq-says-any-action-to-raise-oil-output-wont-be-unilateral-ministry-spokesman-idUSKCN1RY0FD/

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