Iraqi oil exports could fall by over 300,000 b/d next month due to maintenance on one of the country’s four single-point moorings in the Persian Gulf. The oil ministry will carry out maintenance work at SPM-3, one of the operating single-point moorings connected to Iraq’s key southern export infrastructure, sources close to the matter said Monday. Without the pumping capacity to divert crude to the other SPMs, or to the Basra and Khor al-Amaya oil terminals, this will mean production will have to be pulled back, while the repairs take place, the sources said. Differentials for Iraq’s Basrah Light and Basrah Heavy have risen in recent days as Asian refiners look to cover requirements from the spot market amid a reported shortfall in availability, trading sources said Friday. Some sources said they expected exports to be cut by as much as 10 million barrels in April. Iraq has been […]