Reuters reporting comments from the two countries 24 Feb
- UAE fully committed to OPEC output cuts, acting to ensure complete compliance over the deal's 6 month duration
- Iraq respects its commitment to OPEC deal
- Iraq's oil export allocations in March are low due mainly to OPEC cuts
UAE comment attributed to OPEC gov Ahmed al Kaabi
Iraq comments from "sources familiar with the matter"
The cuts from them so far have been lower than other big producers to achieve the 1.2m bpd target OPEC set from 1 Jan
I'm heading out now so I'll wish you good trading and a great week-end. I hope we've been able to make/save you a few pips along the way. Thanks as always for your great support and input.
