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Iraqi OilMin Luaibi: Iraq has fully complied with OPEC supply cuts

Reuters out with comments from the Iraqi oil minister Jabar al-Luaibi, noting the following:

Iraq is now producing 4.32m or 4.35m bpd of oil

Has fully complied with OPEC supply cuts, exceeded its share in cuts

Has exceeded its share in cuts

It is premature to reach a conclusion over extension to supply cuts beyond March 2018

Some producers want extension until end 2018

USD/JPY hits fresh 8-week tops, inching closer to 112.00 mark

The Japanese Yen continued losing ground against the greenback, now pushing the USD/JPY pair closer to the 112.00 handle and fresh 8-week tops. The p
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Fed: Rate increases won’t necessarily tighten financial conditions - ING

The July FOMC minutes pointed to two members expressing contrasting views on another major issue: the interpretation of easier financial conditions an
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