Highlights Basrah Medium grade to benefit from higher OPEC+ quota New grade most popular out of three Basrah crudes Iraq working to defend market share in India Iraq’s State Oil Marketing Organization expects its southern oil exports to hover around 2.8 million b/d in July, the marketer’s deputy director general told S&P Global Platts, as OPEC’s second-largest producer benefits from relaxation of output quotas, lowers crude burn and increases gas output for power generation. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now With OPEC and its allies planning to roll back production quotas over the next few months in anticipation of greater global demand for crude oil, Iraq’s quota will rise to 4.016 million b/d in July, having been at 3.954 million b/d in June and 3.905 million b/d in May. “Because of the good performance in compensating some of our overproduced quantities, […]