With the monitoring committee for the Opec/non-Opec output deal set to hold meetings with participants in Abu Dhabi on 7-8 August, the latest import data further puts into question the compliance of Russia and especially Iraq.

Next week’s get-together will see a Saudi-Kuwait-Russia monitoring committee individually quiz representatives from other parties to the deal, in particular ones considered less than 100% compliant.

Iraq can expect to be given a rough ride.

In recent months...