Iraq: Iraq's Southern Oil Exports Head for Another Record in July

Jul 24, 2015 | Alex Lawlor, Reuters
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Iraq's southern oil exports have risen above 3.0 million barrels per day (bpd) so far in July, according to loading data and an industry source, setting shipments from OPEC's second-largest producer on course for a monthly record. The Iraqi boost is an indication of continued high output from the Organization of the Petroleum Exporting Countries, which is focusing on keeping market share rather than curbing supply to support prices.