Iraq’s oil production topped 4.6 million barrels per day (mb/d) in late 2018, roughly double production levels from a decade earlier. – Iraq is the second largest oil producer in OPEC, and holds the world’s fifth-largest oil reserves, according to the EIA. – About 90 percent of Iraq’s oil production comes from the massive oil fields in the south near Basra and the Persian Gulf. The remaining 10 percent comes from the oil fields in the north, some of which are in disputed territory, but most of which are run by the semi-autonomous region of Kurdistan. Market Movers • A Colorado Supreme Court ruling overturned a lower state court ruling that ordered state regulators to prioritize public health and environmental impacts when licensing oil and […]