Monday, January 21, 2019

Iraq’s Southern Oil Exports Hold Near Record In January

Oil exports from southern Iraq are holding close to a record high so far in 2019, according to shipping data and an industry source, which could raise questions over whether OPEC’s second-largest producer is following through on a deal to cut output. Southern Iraqi exports in the first 21 days of January averaged close to 3.6 million barrels per day (bbl/d), according to tanker data on Refinitiv Eikon and separate tracking by an industry source. That's close to December's 3.63 million  bbl/d—a monthly record. The figures suggest there is little sign yet of lower supplies from Iraq, despite a deal by OPEC and allies to reduce output by 1.2 million  bbl/d as of Jan. 1 to support the market.

https://www.shaledirectories.com/blog/iraqs-southern-oil-exports-hold-near-record-in-january/

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