Iraq Boosts Oil Exports In Early February Despite OPEC+ Pledge ...Middle East

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Iraq Boosts Oil Exports In Early February Despite OPEC+ Pledge
source : OILPRICE ( Middle East ) () 6
OPEC’s second-largest producer, Iraq, boosted its crude oil exports by 4.4 percent to 3.44 million barrels per day (bpd) in the first two weeks of February, data compiled by Bloomberg showed on Thursday, even though Iraq has pledged to restrain production to compensate for the previous non-compliance with the OPEC+ deal. Crude oil exports are not an exact measure of production, but if Iraq keeps the pace of its exports of 3.44 million bpd, it could bust its self-imposed production ceiling of 3.6 million bpd for February, also considering…

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