Iraq’s oil exports hit four-year low but indicate OPEC+ quota miss

摘要

Dubai—Iraq’s total crude oil exports, including from the semiautonomous Kurdish region, fell sharply in May to the lowest in more than four years, but by less than expected given its OPEC+ production quota under a global supply accord. Exports averaged 3.580 million b/d in May, down 8%, or 305,000 b/d, from April, when the latest OPEC+ deal had yet to go into force, according to an Iraqi oil ministry statement on June 1 seen by S&P Global Platts.