Reuters | New oil bull market in sight as Brazil, Iraq cut output targets Reuters With Brazil's Petrobras cutting this week its five-year production outlook by 1.4 million bpd in response to low oil prices and the ongoing corruption probe and Iraq renegotiating deals with oil majors to reflect "more realistic" output targets, the ... Output Cuts in Brazil and Iraq Augur Risks of Oil Shortage Analysis: New oil bull market in sight as Brazil, Iraq cut output targets UK Oil and Gas Revenues Halve as OPEC Wages War on Shale |