Oil exports from Iraq's southern terminals have fallen by 170,000b/d so far in January, with the country implementing a further 40,000b/d during the month.
Omani Ministry of Oil and Gas has set an output limit on producers in Oman. The 45,000b/d output cut will be shared by the Sultanate’s oil producers on a pro-rate basis.
The Organization for Petroleum Exporting Countries (OPEC) could extend its oil output cuts to the end of 2017, provided other producers continue to cooperate on the deal.