Increased Basra Crude Exports in June

By John Lee.

Iraq plans to increase its exports of crude oil from its southern region to 3.47 million bpd in June, according to a report from Reuters.

If achieved, this would beating the previous record volume set in November.

The increase is planned to come mainly from the Basra Heavy grade, at 900,000 bpd, up from 645,000 bpd planned for May.

Basra Light is expected to hit 2.57 million bpd, up from the 2.44 million bpd planned for May.

(Source: Reuters)