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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)
Ben Van Heuvelen of Iraq Oil Report
Monday, June 2nd, 2025

Iraq reported a significant decrease in oil exports in May as part of an effort to show compliance with its OPEC-plus production commitments.

Exports averaged 3.278 million bpd in May, which includes 117,000 bpd of condensates, according to Oil Ministry data. April exports averaged 3.365 million bpd.

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