# Iraqi OilMin: Iraq to decide by year-end whether to keep oil output cuts — Octa

> Iraq's oil minister said Iraq will decide by year-end whether to keep its oil output cuts and that it will follow any Opec decision on crude supply. He said the oil market is stabilizing and prices are improving. The next Opec meeting will decide on 2019 output and whether to extend the cuts.

- Date: 2018-03-28 · published 2018-03-28T12:00:00.000Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/65933-iraqi-oilmin-iraq-to-decide-by-year-end-whether-to-keep-oil-output-cuts-octa
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Signals that Opec supply restraint will continue support crude prices, which can carry through to energy and fertilizer costs for feed producers. The comments are not a new policy change.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2019-04-01 | [Saudi Arabia to Extend Deep Oil Output Cuts Into April](https://feedsoft.ai/events/60021-saudi-arabia-to-extend-deep-oil-output-cuts-into-april.md) | +2.9% | +5.1% |
| BRENT | 2017-10-31 | [OPEC oil output falls in October led by drop in Iraqi exports](https://feedsoft.ai/events/68377-opec-oil-output-falls-in-october-led-by-drop-in-iraqi-exports.md) | +5.8% | +4.6% |
| BRENT | 2017-12-01 | [Oil near 2½-year highs after OPEC extends output cuts](https://feedsoft.ai/events/67641-oil-near-21-2-year-highs-after-opec-extends-output-cuts.md) | -2.0% | +4.9% |
| BRENT | 2020-06-06 | [OPEC, Allies Finalize Deal to Extend Oil-Output Cuts](https://feedsoft.ai/events/52510-opec-allies-finalize-deal-to-extend-oil-output-cuts.md) | -7.2% | +3.3% |
| BRENT | 2026-09-06 | [OPEC, Allies Agree to Keep Oil Output Steady in October - WSJ](https://feedsoft.ai/events/17380-opec-allies-agree-to-keep-oil-output-steady-in-october-wsj.md) | +12.0% | +18.6% |
| WTI | 2019-04-01 | [Saudi Arabia to Extend Deep Oil Output Cuts Into April](https://feedsoft.ai/events/60021-saudi-arabia-to-extend-deep-oil-output-cuts-into-april.md) | +4.9% | +5.4% |
| WTI | 2017-10-31 | [OPEC oil output falls in October led by drop in Iraqi exports](https://feedsoft.ai/events/68377-opec-oil-output-falls-in-october-led-by-drop-in-iraqi-exports.md) | +5.9% | +7.1% |
| WTI | 2017-12-01 | [Oil near 2½-year highs after OPEC extends output cuts](https://feedsoft.ai/events/67641-oil-near-21-2-year-highs-after-opec-extends-output-cuts.md) | -1.5% | +5.3% |

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/553235/

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