Iraq Cut Oil Exports in August

Crude oil exports from Iraq were reduced to around 3.3 million barrels daily last month in a boost to the country’s compliance with OPEC+ supply curbs. This was down from 3.48 million barrels daily in July and 3.41 million barrels daily in June. Reuters cited the Iraqi oil ministry as saying the country would maintain reduced levels of exports in the coming months as well as it seeks to compensate for overproduction and overexporting earlier in the year. Also this week, OPEC+ said it would delay a planned partial rollback of the production…