Oil Exports Slip in February

By John Lee.

Iraq’s Ministry of Oil said on Tuesday that exports from the south fell in February to 3.225 million bpd, down from 3.285 million bpd the previous month.

Bad weather was blamed for the drop.

Reuters reports that, for a fifth consecutive month, Baghdad exported no oil via its northern pipeline to Ceyhan.

Total revenue was put at $2.2 billion, giving an average sales price of $23 per barrel, up slightly from $22.21 in January.

(Source: Reuters)

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