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Saudi Arabia faces deeper Opec cuts after Iraq opts out of deal

It stresses need for non-Opec nations to take part in a global deal to manage supply

Opec representatives and counterparts from countries outside the group will meet in Vienna later this week to discuss how the burden of output cuts is shared.


SAUDI Arabia faces the prospect of much deeper - and financially painful - oil production cuts after Iraq joined the queue of group members seeking immunity from the deal hatched in Algiers.

In addition to Iraq, the second-biggest exporter in the group, Iran has already...