Iraq plans to cut oil output to 3.85-3.9 million barrels per day in Sept – report

• Iraq cancelled a spot cargo of 1 million barrels in August to reduce exports

Iraq produced around 4.25 million barrels per day in July but there has been significant variance in the past year, though rarely as low as 3.85-3.9m bpd.

This article was written by Adam Button at www.forexlive.com.