Why Iraq Thinks It Can Skip Opec’s Oil Production Cut

The OPEC nations have agreed to a proposed crude oil production cut of about 4%; however, this week, Iraq argued that it should be exempted from that cut due to its ongoing civil war.In this clip from Industry Focus: Energy, Motley Fool analysts Sean O'Reilly and Taylor Muckerman look at the reasoning behind Iraq's opting out of the production reduction, and how other OPEC members might respond.A full transcript follows the video.Continue reading

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