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2017.04.2722:54:00UTC+00Iraq Says to Trail Consensus at Next Month's OPEC Gathering

Iraq said it will simply go with the flow when OPEC convenes in Vienna this May to determine whether to prolong output accord, according to the country's oil chief.

Iraqi oil leader Jabar Ali al-Luaibi reiterated Thursday they are definitely going with the consensus reached by the oil cartel during their gathering.

He added the country is fully committed to the agreement as it has attained around 97% of its production target.

Luaibi also said the production cuts led by the organization were slowly leading to a much-anticipated rebalancing of the crude market.

The Iraqi official stressed the OPEC decision to curb production did not signify nations should halt improving their respective crude industries.

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