Iraq Shuts Down Two Oil Fields, Further Curtailing OPEC Output
- Field upgrade, protests have triggered temporary suspensions
- Iraq says it under-produced in January because of bad weather
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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.