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Iraq plans to increase oil exports ahead of OPEC meeting

Published 05/30/2016, 07:36 AM

Investing.com - Iraq is planning to ship 5 million extra barrels of crude in June, according to reports on Monday.

Iraq is looking to increase market share ahead of an OPEC meeting later this week.

Saudi Arabia, Kuwait, Iran and U.A.E. are also planning to increase supplies later this year, Reuters reported.

The recent recovery in oil prices has dampened expectations OPEC will curb supplies at Thursday's meeting.

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