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Energy

Iraq oil output hits new multi-decade low

A trickle of tanker loadings points to an emerging wartime export cadence that has forced over two-thirds of Iraq's production offline.
Personnel from the state-run Iraqi Drilling Company (IDC) operate a drilling rig at the Zubair field in Basra in April 2026. (Photo credit: IDC)

Rumaila still reeling after large fire

Production at Iraq's largest field is still down by at least 120,000 bpd as repair crews contend with extensive damage from a Jan. 24 fire.

Rumaila production falls on fuel shortages

A temporary but dramatic drop in output at Iraq's most prolific oil field underscores the challenges of fighting natural reservoir decline and maintaining production.

Iraq ends 2024 with deep production cuts

Steep reduction at Rumaila brought Iraq's December production average to its lowest level in 18 months as Iraq continues to restrain output in an effort to meet OPEC-plus expectations.