Iraq regards the U.S.’s refusal to extend waivers for countries importing oil from Iran as a tacit endorsement for it to pump its own oil to the maximum. This dovetails neatly into its Oil Ministry’s internal targets – conveyed last week to OilPrice.com by a source who works closely with the Ministry - of increasing crude oil production to at least 6.2 million barrels per day (bpd) by the end of 2020 and at least 9 million bpd by the end of 2023. At around the same time, the Oil Ministry announced that it had agreed preliminary…