By John Lee. The Iraqi Ministry of Oil has reaffirmed its full commitment to the OPEC+ production agreement, including additional voluntary cuts and compensation for excess production. In a statemet ...

OIL prices settled higher on Monday as fresh U.S. sanctions on Iran and a commitment to compensate for overproduction by Iraq ...

Oil futures bounced back modestly on Monday from sharp losses in the previous session, as the U.S. imposed fresh sanctions on Iran and Iraq offered a commitment to compensate for overproduction of its ...