Oil Exports Reach 2.6m bpd in Feb

By John Lee.

Reuters reports that Iraq’s oil exports rose in February to an average 2.597 million barrels per day, up from 2.535 million bpd in January.

Iraq’s southern terminals reached 2.293 million bpd, slightly down on the previous month due to bad weather, while exports from the north via the Kurdistan pipeline more than doubled 304,000 bpd.

February shipments brought in revenues of $3.449 billion at an average price of $47.43 per barrel.

(Source: Reuters)

(Oil image via Shutterstock)

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