High global prices are helping to offset the revenue impact of lower export volumes constrained by OPEC-plus pressure.
June production up as Iraq agrees to new OPEC cuts
Iraqi output increased significantly in June; OPEC says Iraq has pledged to start compensating for overproduction starting in July.
Workers with the state-run Iraqi Drilling Company drill a well at the Zubair oil field in June 2024. (Photo credit: IDC media)