Federal Iraqi crude exports rose 78,000 b/d to 3.36mn b/d in April from the previous month, just 10,000 b/d shy of November 2015’s record figure (MEES, 8 April). Allied with a steady rise in oil prices in April – Brent increased from $39.83/B in March to $43.34/B in April – export revenues increased to $3.34mn, the first time it has breached the $3mn level since November. It was also the first time in which consecutive gains in monthly oil revenue were realized since...
Iraqi Crude Export Volumes Approach Record Highs
Published on Fri, 06 May 2016 - Volume: 59 Issue: 18Print
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