Iraq to offer 3 new proposals re-implementing OPEC accord at Vienna meet - WSJ

Iraq’s oil minister said late-Sunday that he is optimistic about OPEC reaching an agreement at its next meeting, a change in tone that suggests the cartel’s most recalcitrant member is coming around to the idea of cutting oil output, WSJ reports.

Key Headlines:

“Iraq will offer 3 new proposals re implementing OPEC production cut accord at this week’s Vienna meeting”

“I’m really optimistic on the result of the next OPEC meeting”

“Our alternatives are based on other variables and will make it easier for OPEC members to make a decision”

“All the options will be logical and in line with OPEC policy”