IRAQ

Official Iraqi crude exports edged up to 2.44mn b/d for July, 116,000 b/d up on a year ago. All official exports are now from Iraq’s southern ports; federally-controlled northern exports have been halted since Islamic State jihadists (IS, formerly known as ISIS) grabbed the area around Mosul in mid-March. Northern exports averaged just 85,000 b/d for the first half of 2014, a mere 30% of year-ago levels (see table). Iraq’s key southern fields appear under little immediate...