Iraq’s oil exports, excluding those from the semi-autonomous Kurdish region, fell 12% in June, the oil ministry said July 1, a sign that OPEC’s second-largest producer improved its compliance with OPEC+ output cuts. Exports fell to an average of 2.816 million b/d, in line with projections made in June by Oil Minister Ihsan Ismael. In May, Iraq’s exports averaged 3.212 million b/d. The ministry didn’t publish production figures. The country raked in $2.861 billion as it sold is oil at $33.864/b in June, up from $2.136 billion and an oil price of $21.45/b achieved in May. Iraq was supposed […]