Iraq questions fairness, but closes in on OPEC-plus target

BASRA - Iraq has ordered new production cuts at three of its largest fields and appears to be reducing its export volumes, bringing it closer to compliance under an OPEC-plus agreement intended to balance global oil markets.

Oil authorities ordered cuts late last week at Rumaila, West Qurna-1, and Zubair, three of Iraq's most prolific fields, which are operated by BP, ExxonMobil, and Eni respectively, according to multiple Iraqi oil officials.