Iraq cuts oil output after months-long glut
![Photo: Dado Ruvic/REUTERS / X02714](https://photos.watchmedier.dk/watchmedier/resize:fill:3840:0:0/plain/https://photos.watchmedier.dk/Images/article12326306.ece/ALTERNATES/schema-16_9/doc7brq9r21pwnlyrbfflg.jpg)
Iraq, the second-largest oil nation in the Organization of the Oil Exporting Countries announces Thursday that it will implement a further output reduction of 400,000 barrels per day in August.
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