July crude exports continue upward trend

Iraqi oil sales hit their highest levels in nearly a year despite OPEC-plus pressure to throttle back production.

Workers from the state-run Oil Pipelines Company repair a 14-inch oil products pipeline leading from the Baiji refinery to the Mashahda depot in August 2024. (Photo credit: Oil Ministry)

Ben Van Heuvelen of Iraq Oil Report

Saturday, August 10th, 2024

Iraqi oil sales continued to rise in July as exports averaged about 3.486 million barrels per day (bpd), according to a senior Iraqi oil official.

Crude sales generated about $8.77 billion in July, up slightly from $8.23 billion in June, according to an Iraq Oil Report estimate based on historical differentials between global benchmarks and Iraqi prices.

July crude exports continue upward trend

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