Iraq Oil Exports Edge Lower So Far in March

By Damir Kaletovic Exports from southern Iraq in the first 14 days of March have averaged 3.25 million bpd, according to Reuters shipping data. According to official data, the country’s southern terminals have edged even lower so far this month, to 3.20 million barrels per day, although still not as much as expected. Despite its commitment to the OPEC’s decision to cut production to counter a global glut, Iraq pumped 4.57 MMbopd in February, and plans to boost output later in the year, in what could potentially raise questions over the country’s compliance…

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