OPEC’s second-largest producer, Iraq, boosted its crude oil exports by 4.4 percent to 3.44 million barrels per day (bpd) in the first two weeks of February, data compiled by Bloomberg showed on Thursday, even though Iraq has pledged to restrain production to compensate for the previous non-compliance with the OPEC+ deal. Crude oil exports are not an exact measure of production, but if Iraq keeps the pace of its exports of 3.44 million bpd, it could bust its self-imposed production ceiling of 3.6 million bpd for February, also considering the amount of oil it consumes domestically. OPEC’s second-largest producer behind Saudi Arabia has increased exports in the first half of February, expecting inclement weather in the second half to potentially disrupt exports, an industry official told Bloomberg, while another official said that Iraq plans to meet its production target for the full month of February. At the end of […]