Investing.com -- Iraq’s Oil Minister, Hayan Abdel-Ghani, emphasized the importance of adhering to the agreements reached during the OPEC+ meeting on Wednesday. According to a statement from the oil ministry, the unity of stance is crucial for the stability of oil markets.

Iraq, known as the group’s largest over producer, is among the nations that submitted plans in April to implement further oil output cuts. This move was intended to compensate for their previous overproduction, which exceeded the agreed quotas.

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