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According to Reuters on September 20, oil exports from southern Iraq will hit a record high this month, two industry sources said, further indicating that OPEC's second-largest producer is fulfilling a deal to increase supply, while local turmoil will not affect shipping
.
Southern Iraq exported an average of 3.
6 million barrels per day in the first 19 days of September, up 20,000 barrels
per day from the current monthly record of 3.
58 million barrels per day in August, according to vessel tracking data collected by an industry insider.
In June, OPEC and its allies reached an agreement to increase oil supplies, which have been limiting production since 2017 to eliminate the oversupply
.
In August, Iraq became OPEC's second-largest producer as Iran's oil exports, which are facing a new round of U.
S.
sanctions
, dwindled.
123Next View full article
According to Reuters on September 20, oil exports from southern Iraq will hit a record high this month, two industry sources said, further indicating that OPEC's second-largest producer is fulfilling a deal to increase supply, while local turmoil will not affect shipping
.
Southern Iraq exported an average of 3.
6 million barrels per day in the first 19 days of September, up 20,000 barrels
per day from the current monthly record of 3.
58 million barrels per day in August, according to vessel tracking data collected by an industry insider.
In June, OPEC and its allies reached an agreement to increase oil supplies, which have been limiting production since 2017 to eliminate the oversupply
.
In August, Iraq became OPEC's second-largest producer as Iran's oil exports, which are facing a new round of U.
S.
sanctions
, dwindled.
123Next View full article
123Next View full article
