Iraq’s output fell to 3.862 million b/d in June Iraq’s quota rose in June vs May It is OPEC’s second-biggest producer Iraq’s total oil production, including flows from the semi-autonomous Kurdistan region, fell slightly in June from a month earlier, State Oil Marketing Organization said July 7, signaling tighter compliance with its OPEC+ quota, which rose in the previous month. Total oil production fell to 3.862 million b/d in June, down from 3.879 million b/d in May, SOMO figures showed. Federal production nearly held steady at 3.42 million b/d, while Kurdish output fell 2.6% to 441,000 b/d. Total exports dropped 0.5% to 3.32 million b/d in June from a month earlier, as federal exports nearly held steady at 2.89 million b/d and Kurdish volumes fell 2.4% to 427,700 b/d. Domestic consumption, which included direct crude […]