Iraqi oil exports fall as OPEC scrutiny rises

Countrywide exports of 3.143 million bpd suggest Iraq has reduced output, with OPEC-plus members insisting on full quota compliance as they consider extending cuts.
Tankers load at the al-Basra Oil Terminal (ABOT) on June 19, 2019. (JASSIM AL-JABIRI/Iraq Oil Report)

Nationwide oil exports fell by about 134,000 barrels per day (bpd) in November, as Iraq appeared to cut back toward its OPEC quota obligations after a big output increase in October.

The federal Oil Ministry said* it averaged 2.709 million bpd in exports for the month, down from 2.876 million bpd in October. The semi-autonomous Kurdistan Regional Government (KRG) posted 435,000 bpd in independent oil sales, according to an industry official, up from 401,000 bpd the previous month.

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