IRAN

Iraq managed to export yet another record volume of crude in April, largely due to higher shipments through the northern pipeline to Ceyhan via the Kurdistan Region. With exports topping 3mn b/d, the December oil export agreement between Erbil and Baghdad has held up despite slight discrepancies in the volumes reported by each side.

Iraq’s Oil Ministry said on 1 May that provisional data pointed to exports of 3.077mn b/d in April, the first time since 1979 that exports have...