Exports decline as Iraq begins OPEC cuts

Early data for January indicate Iraq has made significant but incomplete progress toward implementing an OPEC agreement to cut production.
Exports decline as Iraq begins OPEC cuts
A crude oil jetty at Turkey's Ceyhan port. (YORAY LIBERMAN/Getty Images)

Iraq's rate of oil exports in January fell month-on-month by roughly 161,000 barrels per day (bpd) as the country began making efforts to comply with an OPEC agreement to cut production.Early estimates are based on Iraq Oil Report's analysis of independently gathered tanker loading data, and not official Iraqi export figures. *According to Iraq Oil Report's analysis, Iraq – including the autonomous Kurdistan Regional Government (KRG) – exported a total of 3.89 million bpd in January...

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