Iraqi crude exports steady in June

Iraq's oil exports held relatively steady in June, averaging 3.322 million barrels per day (bpd), according to OilX, an energy analytics firm that tracks export volumes using satellite and tanker loading data.

Crude sales generated about $7.92 billion in revenue, according to an Iraq Oil Report estimate based on export volumes and historical pricing trends relative to international benchmarks.*

Export volumes have declined slightly since hitting a 2024 high in February, when they averaged 3.434 million bpd. This recent period of tightening appears to reflect Iraqi efforts to improve compliance with OPEC-plus quota agreements.