Iraqi oil output falls again in November

Iraqi oil production continued a four-month slide, falling to its lowest level since June 2023 as the Oil Ministry tried to improve compliance with an OPEC-plus quota agreement.

Federal output was just 4.20 million barrels per day (bpd) in November, down from 4.28 million bpd in October, according to an Iraq Oil Report analysis based on data gathered independently from producing fields.* Production controlled by the Kurdistan Regional Government (KRG) was roughly steady month-on-month at about 290,000 bpd.