April oil production was 3.39 million b/d Domestic crude 13% higher than earlier estimate Iraq has busted its quota since February Iraq, OPEC’s second largest producer, has revised upward its April oil production figure by 1.7% to 3.930 million b/d, reflecting higher domestic crude use during the month, the State Oil Marketing Organization said on May 25. Domestic crude use, including in refineries and power stations, reached 572,000 b/d in April, 12.6% higher than 508,000 b/d figure mentioned in a May 11 statement, SOMO said. SOMO had said then that Iraq’s oil output fell marginally in April to 3.863 million b/d, down 2,000 b/d from March. That was above Iraq’s OPEC+ quota of 3.857 million b/d for the third month in a row. Independent secondary sources used by OPEC to monitor member output, including S&P Global […]