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Iraq’s oil exports drop by around 3 million bpd since Hormuz crisis
Baghdad (IraqiNews.com) – Trading sources have told Reuters that Iraqi oil supplies have declined by 2.5 million to three million barrels per day as a result of the prolonged closure of the Strait of Hormuz. Iraq, together with Kuwait and the UAE, has used other export channels to shift some of its oil supplies and avoid a full halt in exports. Despite these efforts, export quantities remain much lower than usual levels. The interruption comes a…
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Iraq’s oil exports drop by around 3 million bpd since Hormuz crisis
Baghdad (IraqiNews.com) – Trading sources have told Reuters that Iraqi oil supplies have declined by 2.5 million to three million barrels per day as a result of the prolonged closure of the Strait of Hormuz. Iraq, together with Kuwait and the UAE, has used other export channels to shift some of its oil supplies and avoid a full halt in exports. Despite these efforts, export quantities remain much lower than usual levels. The interruption comes a…
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