Iraq is stuck between a rock and a hard place in its effort to contribute to OPEC's planned production cuts in the first half of 2017.
Those cuts — which are designed to help the world work through a glut of existing oil supplies and thereby reduce prices — were scheduled to take effect this week. But big questions remain about how exactly Iraq will manage to hit its agreed-upon quota and cut out 210,000 barrels a day.
Iraq is OPEC's second biggest producer, and it has promised some of the largest cuts among cartel members and other big producers like Russia. The overall goal among parties to the agreement is to remove nearly 1.8 million barrels a day from the market.
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