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)
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.
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