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Iraq Gets Serious on Oil Cuts By Asking Buyers to Forgo Cargoes

  • SOMO asks refiners to consider dropping June-July shipments
  • OPEC’s no. 2 producer has a reputation for non-compliance
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Iraq has asked some Asia refiners to consider forgoing prompt shipments of its Basrah crude, a potential signal the country is trying to meet the output-cut pledges it made to OPEC at the weekend.