Iraqi OilMin: Iraq to decide by year-end whether to keep oil output cuts

Iraqi Oil Minister Jabar al-Luaibi is on the wires now, via Reuters, commenting on the OPEC oil output cuts deal.

Key Points:

Oil market is stabilizing

Prices are improving.

Iraq to decide by year-end whether to keep oil output cuts.

Will not deviate from any OPEC decision on crude supply.

Next OPEC meeting to decide on 2019 output and whether or not to extend supply cuts.