Iraq exports steady in April

Oil sales have stopped falling as Iraq claims full OPEC compliance, suggesting further production cuts are unlikely.
Iraq exports steady in April
Tankers loading on Iraq's southern export terminals in the Basra Gulf on Oct. 2, 2014. (ALI ABU IRAQ/Iraq Oil Report)

Iraq's April oil export levels were virtually unchanged compared to March, providing another indicator that the Oil Ministry is not planning further production cuts as several oil producing countries attempt to prop up the slumping oil price.

The federal government sold 3.252 million barrels per day (bpd) in April, compared with 3.259 million bpd in March, according to the Oil Ministry. Iraqi oil sold by the federal government averaged $47.188 per barrel in March and $47.275 per barrel in April, the Oil Ministry said.

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