Increase in Iraqi oil exports during the first half of July
Reports indicate that Iraq's oil exports increased to approximately 1.2 million barrels per day in the first half of July, after months of restrictions, although exports remain well below the over 3.2 million barrels per day before March. This rise comes alongside accelerated shipping activities, but an attack by a drone led to a halt in oil loading at Iraqi ports, raising the possibility of a further decline in exports. Additionally, it is clear that exports through the Turkish Port of Ceyhan have been slowing down since early July due to ongoing conflict, while the Iraqi government is moving toward negotiations with Turkey to expand the oil export agreement via the pipeline.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)