Bloomberg Feb 26 - Iraq shut down 2 oil fieldsThis certainly hurts OPEC production 480k bad down
Reference:
https://www.bloomberg.com/news/articles/2022-02-26/iraq-shuts-down-oil-fields-able-to-produce-almost-500k-b-d?sref=By7uNNel Iraq Shuts Down Two Oil Fields, Further Curtailing OPEC Output
February 26, 2022, 10:01 AM EST
Iraqi oil production was suspended from two fields in the country’s south with a combined capacity of 480,000 barrels-a-day.
The shutdowns curtail the ability of OPEC’s second-largest producer to pump oil after several member nations undershot their targets in recent months. That’s hampered the group’s attempts to ramp up production halted during the pandemic, and fanned the surge in global prices.