IRAQ

 

Iraq Spearheads OPEC Output Surge

 

OPEC production in April jumped over 500,000 b/d to register its highest monthly level since October 2008, MEES calculations show. Iraqi output scorched through the 3mn b/d mark for the first time in over two decades. And a third straight month of 31.5mn b/d plus OPEC output appears to be finally making an impact on prices. On 8 May, OPEC’s Basket price dipped below $110/B for the first time in over five...