Iraq's Oil Exports Making Progress on OPEC+ Compliance

published:05/07/2020 04:30 GMT

Iraq's crude oil exports, including from the Kurdistan region, fell to 3.083 million b/d in June -- a 497,000 b/d drop from May and the lowest since October 2015 -- indicating it is making significant progress on implementing its OPEC+ production cut. The June total, derived from oil ministry data and shipping reports from the Turkish port of Ceyhan, comprises 2.816 million b/d of federally controlled crude exports and 267,000 b/d of crude exported by the Kurdistan Regional Government via...More