# Iraq willing to boost production after OPEC agreement - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com

> Iraq's state marketer said exports will be close to 3.595 million barrels a day in August, a record, up from 3.54 million in July. Iraq says it can raise output once OPEC agrees on how the collective supply boost will be split. Analysts doubt Iraq can raise production quickly due to investment constraints and Shell's exit from a major project.

- Date: 2018-08-31 · published 2018-08-31T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/63442-iraq-willing-to-boost-production-after-opec-agreement-energy-news-top-headlines
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Added Iraqi barrels would increase crude supply, which is bearish for prices, though investment limits may cap how fast output can rise.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2018-05-30 | [Oil Bulls Scurry for Protection Against a Wave of OPEC Supply - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/65174-oil-bulls-scurry-for-protection-against-a-wave-of-opec-supply-energy-news-top.md) | -1.1% | -0.0% |
| BRENT | 2019-04-26 | [US crude plunges 2.9%, settling at $63.30, after Trump says he told OPEC to tame fuel costs - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/8099-us-crude-plunges-2-9-settling-at-63-30-after-trump-says-he-told-opec-to-tame.md) | -5.3% | -8.8% |
| BRENT | 2020-11-30 | [Oil Retreats on Signs of OPEC+ Discord Ahead of Key Meeting - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/50337-oil-retreats-on-signs-of-opec-discord-ahead-of-key-meeting-energy-news-top.md) | +3.5% | +7.0% |
| BRENT | 2020-07-31 | [OPEC and Allies Prepare to Pump More Oil Just as Market Recovery Teeters - Canadian Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow](https://feedsoft.ai/events/52287-opec-and-allies-prepare-to-pump-more-oil-just-as-market-recovery-teeters.md) | +4.9% | +4.7% |
| BRENT | 2022-06-02 | [OPEC+ alliance boosts oil production as energy prices soar \| AP News](https://feedsoft.ai/events/40836-opec-alliance-boosts-oil-production-as-energy-prices-soar-ap-news.md) | +6.0% | -0.6% |
| WTI | 2018-05-30 | [Oil Bulls Scurry for Protection Against a Wave of OPEC Supply - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/65174-oil-bulls-scurry-for-protection-against-a-wave-of-opec-supply-energy-news-top.md) | -1.9% | +10.3% |
| WTI | 2019-04-26 | [US crude plunges 2.9%, settling at $63.30, after Trump says he told OPEC to tame fuel costs - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/8099-us-crude-plunges-2-9-settling-at-63-30-after-trump-says-he-told-opec-to-tame.md) | -5.3% | -11.5% |
| WTI | 2020-11-30 | [Oil Retreats on Signs of OPEC+ Discord Ahead of Key Meeting - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/50337-oil-retreats-on-signs-of-opec-discord-ahead-of-key-meeting-energy-news-top.md) | +1.5% | +4.3% |

## Sources

- energynow.com: https://energynow.com/2018/08/iraq-willing-to-boost-production-after-opec-agreement/

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