Iraq's crude sales have been constrained by OPEC-plus quotas but revenues remain high due to global oil price strength.
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February oil sales rise on higher northern exports
Increase of 94,000 bpd mainly due to higher volumes of both KRG and federal exports via Turkey.
Iraq crude exports steady in March
Oil sales were undiminished in March despite the Oil Ministry recommitting to supplemental OPEC-plus cuts that now extend through June.
February oil exports rebound
After a lower OPEC-plus quota appeared to dampen Iraqi exports in January, oil sales bounced back in February.
Iraq crude oil production up in July as KRG oil trickles back online
Exports and output are rising, but Kurdistan's oil industry is still in crisis due to the northern pipeline outage.
Oil exports rise for second consecutive month
KRG crude exports are still shut in due to the northern pipeline outage, but federal exports have increased further, nearing the maximum capacity of outdated Basra Gulf infrastructure.
Iraqi exports hold above 3.4 million bpd in August
Iraq is pushing the limits of its outdated southern export infrastructure as a dispute with Turkey is keeping the northern pipeline system offline.
Iraq oil exports steady in September
Crude sales averaged above 3.4 million for the third straight month as Iraq maxes out southern export outlets.
October exports hit 8-month high
The northern export pipeline was offline for a seventh straight month, but Iraq has now compensated for about half the lost volumes with increased oil sales via southern outlets.
Oil exports and revenues slump in November
Export volumes are expected to slide further as Iraq makes new OPEC-plus commitment to support prices with reduced output.
Iraq’s February oil exports rise
Monthly revenues hit another 10-year high as exports rebounded from a January dip and global oil prices spiked.
Iraqi exports finish down year with a December surge
Nationwide oil sales dropped in 2023 due to the northern pipeline outage, but federal exports hit a four-year high in December.
Exports edge upward, but northern pipeline remains offline
Baghdad has compensated for lost exports via Turkey with increased southern oil sales, but KRG exports remain entirely offline.
January oil exports dip as Iraq begins year of OPEC constraints
Both federal and KRG oil sales fell slightly as OPEC-plus gave no sign of lifting production caps.
April exports decline as pipeline shutdown continues
Federal Iraqi exports increased slightly, but nationwide exports dropped steeply due to the total shutdown of the northern pipeline system and KRG oil sales.
March oil exports slump by 200,000 bpd due to pipeline halt
Iraq's northern exports remain offline in the aftermath of a landmark arbitration win against Turkey, with restart timing still unclear.
Record oil revenues near $11 billion in March
Revenues surged due to spiking global prices, but exports dipped as infrastructure delays threaten to constrain oil sales going forward.
Iraq rakes in record $115.7 billion in 2022 oil revenue
High global prices led to record annual oil revenues for both the federal government and the KRG.
Iraqi crude output falls as tighter OPEC quotas take effect
Crude production and exports decreased in November as Iraq began output cuts in response to tighter OPEC-plus output targets.
October oil exports and revenues rise
Nationwide exports increased by 36,000 bpd in October, but imminent OPEC-plus cuts could crimp sales in November.
September exports steady as northern oil sales rebound
Revenues fell with global oil prices, but higher export volumes through Ceyhan helped offset a pipeline leak that temporarily halted Basra Gulf tanker loadings.
Iraq’s oil exports decline as northern sales slump
Exports fell for the second straight month despite elevated OPEC-plus output targets.
July oil exports slightly down
Iraq's crude sales receded in July as seasonal demand spikes fueled domestic consumption and quality issues hurt the marketing of Basra Heavy.
Iraq’s oil output surges in June as southern fields ramp up
Production and exports are rising as OPEC-plus quotas continue to loosen and high global oil prices bring record revenues.