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Iraq Dec Crude Exports Rose to 3.48mbpd

OIL

Iraq’s crude oil exports in December stood at a total of 108mn barrels, or 3.48mbpd, up from 3.433mbpd in November, the oil ministry said, cited by Bloomberg.

  • This was the highest since October.
  • Iraq’s new OPEC+ crude oil output quota for 2024 has been set at 4.208mbpd. The country pledged to cut oil output by 223kbpd during 1Q 2024 as part of the group’s voluntary cuts.

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