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Iraq’s crude oil production falls below OPEC+ cap
An Iraqi official revealed on Saturday that oil production in Iraq during September reached 3.94 million barrels per day, less than the country’s OPEC+ output limit of almost four million barrels per day. The number runs counter to a Reuters report published on October 3 indicating that Iraq had exceeded its September quota by 90,000 barrels per day. The official said that decreased exports, lower domestic consumption, and a drop in output from the Kurdistan Region of Iraq were the reasons production had fallen short of the OPEC+ quota, according to Reuters. In late August, a source said that the Iraqi government ... (full story)
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- Posted: Oct 13, 2024 10:17pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 133
