UPDATE: Iraq production rises in December, capping an OPEC-constrained year

Iraq's nationwide crude production rose slightly to about 4.05 million barrels per day (bpd) in December, capping a year of OPEC-related constraints that yielded the lowest output since 2015.

Fields managed by the federal government produced about 3.57 million bpd in December — an increase of 3 percent compared to November — while those under the authority of the semi-autonomous Kurdistan Regional Government (KRG) rose slightly to 477,000 bpd, according to an Iraq Oil Report analysis based on data gathered independently from each producing field. *