June 17, 2020 / 3:51 PM / 17 days ago

Iraq, Kazakhstan to present plan for oil output cuts to JMMC- source

DUBAI, June 17 (Reuters) - Both Iraq and Kazakhstan are expected to present their plans for oil production cuts and compensation for overproduction to a meeting by OPEC+ ministerial committee, known as the JMMC, on Thursday, an OPEC+ source said.

OPEC+ compliance with the existing crude production cuts in May was 87%, two OPEC+ sources said on Wednesday. (Reporting by Rania El Gamal and Alex Lawler; Editing by Jon Boyle)

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