Iraq lowers June oil exports, still pumps above OPEC+ target – ZAWYA

Iraq lowers June oil exports, still pumps above OPEC+ target – ZAWYA

Iraq lowers June oil exports, still pumps above OPEC+ target | ZAWYA MENA Edition HomeMarketsCommoditiesArticleIraq lowers June oil exports, still pumps above OPEC+ target Southern Iraqi exports in the first 28 days of June averaged 2.90mln bpd    A general view shows the Halfaya oilfield in Amara, southeast of Baghdad, September 6, 2014. Image used for illustrative purpose.LONDON- Iraq's oil exports have fallen by almost 9% or 310,000 barrels per day (bpd) in June, loading data and industry sources showed, suggesting OPEC's second-largest producer has delivered about three-fifths of its pledge in an OPEC-led supply cut deal.Southern Iraqi exports in the first 28 days of June averaged 2.90 million bpd, tanker tracker Petro-Logistics, Refinitiv Eikon and an industry source found. That is down 200,000 bpd from May's official southern exports figure."This is the lowest level of Basra exports in five years," Daniel Gerber, chief executive of Petro-Logistics, told Reuters. "But Iraq still needs to cut by a further 300,000 bpd to achieve full compliance."Southern Iraqi exports in the first 28 days of June averaged 2.90 million bpd, tanker tracker Petro-Logistics, Refinitiv Eikon and an industry source found. That is down 200,000 bpd from May's official southern exports figure.LONDON- Iraq's oil