In this list
Oil | Shipping

IRAQ DATA: Oil exports increase 1.4% in July amid higher OPEC+ quota

Commodities | Energy | Electric Power | Electric Power Risk | LNG | Natural Gas | Natural Gas (European) | Oil | Crude Oil | Refined Products | Shipping | Containers | Tankers

Market Movers Europe, Sept. 26-30: EU to discuss power market interventions and a ban on seaborne Russian oil

Energy | Oil | Crude Oil

Platts Crude Oil Marketwire

Petrochemicals | Oil | Energy Transition

Trainings courses at Global Carbon Markets Conference

Energy | Oil | Petrochemicals | Shipping | Agriculture | Energy Transition | Crude Oil | Refined Products | Gasoline | Aromatics | Tankers | Biofuels | Renewables | Fuel Oil

Fires, outages and storms boost US refining margins

Agriculture | Biofuels | Energy | Energy Transition | Emissions | Carbon | Natural Gas | Natural Gas (North American) | Oil | Crude Oil | Refined Products | Energy Oil | Bunker Fuel | Fuel Oil | Shipping | Marine Fuels

Commodity Tracker: 5 charts to watch this week

IRAQ DATA: Oil exports increase 1.4% in July amid higher OPEC+ quota


Iraq's July exports rose to 3.278 million b/d

July quota rose 4.016 mil b/d vs 3.954 mil b/d in June

Quota will rise again in August

Iraq's total crude oil exports, including those from the semi-autonomous Kurdistan region, in July rose 1.4% month on month amid a higher OPEC+ quota, according to oil ministry figures released Aug. 1 and Turkish local shipping reports seen by S&P Global Platts.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

OPEC's second-largest oil producer saw total exports rise to 3.278 million b/d, up from the June average of 3.232 million b/d, the data showed.

The July exports included a 0.9% increase in federal exports to 2.918 million b/d and a 6% uptick to 360,000 b/d in Kurdish exports through Ceyhan, according to the oil ministry figures and shipping data.

Iraq's OPEC+ quota rose to 4.016 million b/d in July from 3.954 million b/d in June as coalition members continued to ease their output cuts.

Iraq's August quota will rise to 4.061 million b/d as the OPEC+ coalition begins relaxing curbs by 400,000 b/d per month starting in August until December, adding a total of 2 million b/d by the end of this year.

Federal exports in July were made up of 2.821 million b/d shipped from the southern Gulf terminals, a 1% increase from June, and 97,175 b/d of Kirkuk oil exported from Ceyhan, down 5.2% month on month.

Qayara, Jordan exports

Export of the heavy Qayara oil from the southern port of Khor Al-Zubair remained suspended and crude transported via truck to Jordan has also yet to resume despite a recent agreement between the two countries to supply Amman with 10,000 b/d.

The Gulf terminal's federal exports comprised of 854,000 b/d of Basrah Light, 999,000 b/d of Basrah Medium and 968,000 b/d of Basrah Heavy, according to July export data released by State Oil Marketing Organization and seen by Platts.

SOMO figures also showed that crude oil stocks rose by 1.5 million barrels during July, equivalent to 48,000 b/d.

Federal oil sales in July rose 6% to $6.514 billion to their highest level since January 2020, thanks to an increase in the average oil sales price to $72/b, the highest level since October 2018.