Categories: Business

Iraq hiked August oil output, missed southern export targets


Tue, 2022-09-06 19:02

LONDON: Iraq’s crude oil output was 67,000 barrels per day higher in August than July but exports from the south of the country continued to be constrained by delays to infrastructure upgrades, data from state-owned marketer SOMO showed.

Iraq produced 4.651 million bpd of crude in August, in line with its quota under an OPEC+ deal, the data seen by Reuters showed, but exports fell by 62,000 bpd, so the extra August supply went into Iraq’s storage tanks and internal consumption.

Main category:
Business & Economy



Source link

gulftimes

Recent Posts

Israeli West Bank settler tells BBC attacks on Palestinians are justified as revenge

Israelis in the West Bank are still subject to Israel's civilian law and enjoy widespread…

17 hours ago

What’s in the Gaza peace deal roadmap?

The announcement has, so far, been met with little enthusiasm in Gaza, though some people…

1 day ago

Bowen: Plan for Hamas to disarm faces big obstacles, yet it offers rare hope for Gaza

There are many reasons why it might not work. At the same time, it is…

1 day ago

How to advocate for your health

Dr Xand van Tulleken and Professor Sunita Sar explore why we follow advice we suspect…

1 day ago

Middle East: Civilian death toll climbs in Gaza, Lebanon and West Bank as UN chief demands ‘the fighting must stop’

What you need to knowIsraeli hostilities and demolitions continued in southern Lebanon, where at least…

1 day ago

Rushdi Abualouf: If Hamas disarmament plan holds, it could mark first credible step to ending Gaza war

After months of marathon talks, Hamas has, for the first time, accepted a framework of…

2 days ago