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Iraq Seen Boosting Oil Output in April In Spite of Coronavirus

Iraqi labourers work at an oil refinery in the southern town Nasiriyah.
Photographer: Haidar Mohammed Ali/AFP via Getty Images

OPEC’s second-biggest producer plans to boost oil output in April, as the demise of a global production-cuts agreement frees it up to pump at will.

Iraq plans to raise output by about 200,000 barrels a day, reaching 4.8 million barrels a day in average production, according to a person with knowledge of the matter. The country would join Saudi Arabia, Russia and others in adding more barrels to a sated market amid a price war -- even as the coronavirus saps global demand.