Oil Exports Fall in August

By John Lee.

Reuters reports that Iraq’s oil exports fell from $7.8 billion in July to $7.1 billion in August.

Citing sources at the State Oil Marketing Organisation (SOMO), the report said that 73.6 million barrels of oil were exported in August at an average price of $97.4 per barrel, down from $102.8 in July.

This averages 2.375 million bpd, down from 2.442 million bpd in the previous month.

(Source: Reuters)

(Oil image via Shutterstock)

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