Iraq increases oil exports in July, still pumps above OPEC+ target – ZAWYA

Iraq increases oil exports in July, still pumps above OPEC+ target – ZAWYA

iraq increases oil exports in july, still pumps above opec+ target opec-led oil supply cut deal started in may    image used for illustrative purpose. a workerss sprays disinfectant on valves as a preventive measure against coronavirus, at nahr bin umar oil field, north of basra, iraq march 15, 2020. london - iraq's crude oil exports have increased so far in july, according to shipping data and industry sources, suggesting opec's second-largest producer is still undershooting its pledge in an opec-led supply cut deal.southern iraqi exports in the first 20 days of july averaged 2.70 million bpd, according to the average of figures from refinitiv eikon and two industry sources. that is unchanged from june's official figures for exports from southern iraq.the organization of the petroleum exporting countries and allies, known as opec+, began a record supply cut in may to bolster oil prices hammered by the coronavirus crisis. iraq is cutting output by 1.06 million bpd under the deal.southern iraqi exports in the first 20 days of july averaged 2.70 million bpd, according to the average of figures from refinitiv eikon and two industry sources. that is unchanged from june's official figures for exports from southern iraq.london - iraq's