Iraq’s Oil Exports Dip in Q1 as Baghdad Vows Further Cuts

Iraq’s crude and oil product exports fell by 110,000 barrels per day (bpd) from a year earlier to 3.7 million bpd in the first quarter of 2025, per data from Energy Research Unit cited by Shafaq News. The 3% drop in exports came as OPEC’s second-largest producer continues to restrict oil production as part of the OPEC+ agreements. Iraq, however, has not complied yet with its oil production quota under the deal—in fact, it has been overproducing above its ceiling for years and has been one of the producers with the most overproduction…Weiter zum vollständigen Artikel bei OilPrice.com Weiter zum vollständigen Artikel bei OilPrice.com