July Oil Production Highest since January

By John Lee.

Iraq’s crude oil production in July rose to 4.632 million bpd, compared with 4.559 million bpd in June, and its highest level since January’s 4.775 million bpd according to Reuters.

Exports from the southern ports rose to an average daily rate of 3.202 million bpd in July, up from 3.175 million bpd in June.

Revenues for the month hit $3.744 billion, giving an average selling price of $37.715 per barrel.

(Sources: Ministry of Oil, Reuters)

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