Iraq is burning record volumes of gas in its power stations, enabling it to curb crude burn levels. Reduced gas flaring helps, but the primary driver is imports from Iran.

Iraq is on track to record its first year-on-year fall in crude burn volumes in five years following a remarkable counter-seasonal summer fall. Crude burn typically peaks in the hot summer months as electricity demand surges, but August’s 74,000 b/d was the lowest this year. In fact, it was the lowest since April...