Iraq Oil Minister: Keen to keep prices stable and oil markets well supplied

Iraq's Oil Minister Jabar al-Luaibi crossed the wires in the last hour, via Reuters, saying that Iraq is keen to keep prices stable and oil markets well supplied.

Additional quotes:

   •  Iraq has promising capacities to supply consumer needs for oil in future.
   •  Iraq has the capacity to increase oil production to 6 million bpd now.
   •  Iraq is committed to the OPEC production cut deal.
   •  Iraq will not increase output unilaterally outside of OPEC and non-OPEC members’ agreement.
   •  Will monitor markets to assess the needs at the next OPEC meeting.
   •  No change in Iraq’s production and export policy, if markets do require more oil than this will be decided at the time.