The Iraqi Oil Ministry reported total crude oil exports for July at around 3.5 million barrels per day, relatively unchanged from June. The ministry reported total exports from July brought in $7.6 billion for the Iraqi economy. Last month, the government in Baghdad said it realized a price for oil of $69.16 per barrel. Economists at the Organization of Petroleum Exporting Countries have reported steady declines in the price for Basra Light, the Iraqi benchmark for the price of oil. Basra averaged $72.83 per barrel in May and $71.90 in June. The OPEC basket of 15 crude oil benchmarks averaged $72.10 per barrel on Wednesday, a 1 percent decline from the previous day. Total exports from Iraq averaged 3.54 […]