Iraq: Iraq Shuts down Two Oil Fields, Further Curtailing OPEC Output

Feb 26, 2022 | Khalid Al Ansary and Verity Ratcliffe, Bloomberg
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Iraq stopped oil production from two southern fields with a combined capacity of almost half a million barrels a day. The shutdowns curtail the ability of OPEC’s second-largest member to pump crude just as Russia’s invasion of Ukraine and tight supplies globally send prices soaring.