Iraq continues to increase production ahead of OPEC meeting
Iraq’s oil production reached record levels in May. The country produced an average of 3.87 MMBOPD, the highest levels in decades, according to Bloomberg. This news comes just days before OPEC’s June meeting, in which the cartel is expected to maintain its current policy of defending market share.

Iraq’s oil exports continued to trend upward, closely following production. In March and April, Iraq exported 2.98 MBOPD and 3.08 MBOPD respectively, reports Reuters. Exports reached 3.14...

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