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Energy

Iraq’s May oil exports decrease in nod to OPEC-plus commitments

Exports fell by 87,000 bpd month-on-month as Iraq signaled its intention to adhere to production pledges and support global oil prices.
Iraqi Oil Minister Hayyan Abdulghani (center left) meets by videoconference with representatives of OPEC member countries on May 28, 2025. (Photo credit: Oil Ministry)

New life for Iraq’s southern oil export expansion

A $417M subsea pipeline project that was funded and then suspended over the past two months has gotten Cabinet approval again, with a half million barrel per day capacity increase slated for next year.