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Iraq under pressure after far exceeding Opec quotas

Iraq’s oil sector resurgence has drawn fire from fellow Organisation for Petroleum Exporting Countries (Opec) members for eroding quota discipline and pushing prices down. A fall in Saudi supply following the attack on Abqaiq may give Baghdad some breathing space to keep pumping, but that will not last long if Riyadh manages to restore capacity by the end of the month, as it has said it will.

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African Energy Gulf States Newsletter