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Iraq Reduces Oil Exports in Compliance with OPEC Agreement

Iraq has reduced its oil exports to an average of 3.5 million bpd

Iraq has curbed its oil exports to an average of 3.5 million barrels per day (bpd), in line with its recent OPEC agreement to cut production and boost global oil prices.

As reported by Reuters, Oil Minister Thamer Ghadhban will monitor the oil export cuts from other OPEC members before deciding on their longer term export strategy.

Iraq averaged 3.62 million bpd of oil exports in February

Source: Reuters

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