Federal Iraqi crude oil export revenues dropped to a six-month low of $9.78bn for August as its crude oil sold for less than $100/B for the first time since February (see chart 1). Crude oil exports have remained broadly flat at just over or under 3.3mn b/d since late 2021 despite the easing of Opec+ restrictions as the fragility of ageing export infrastructure has prevented gains..
Iraq Oil Export Revenues Drop As Oil Falls Below $100
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IN THIS ARTICLE
Charts
1: Iraq Crude Export Revenues* Come Down Slightly From Their Peak As Oil Prices Drop Below $100/b
2: Infrastructure Constraints Cap Iraq Crude Oil Exports Well Below 2018 Levels (‘000 b/d)
3: Iraq’s Position As China’s Third Largest Crude Oil Supplier Is Secure (‘000 b/d), But Volumes Have Dropped Against 2021 Levels As Overall Chinese Imports Sink
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