Tag Archives | oil price

Oil Ministry Declares its Final Exports for July

By John Lee. Iraq’s Ministry of Oil has announced final oil exports for July of 100 million barrels, giving an average for the month of 3.226 million barrels per day (bpd), slightly more than the 3.273 bpd exported in June. These exports were shipped by 33 multinational companies from the ports of Basra, Khor Al- Omaia and […]

Oil Exports Down Slightly in July

By John Lee. Iraq’s Ministry of Oil has announced preliminary oil exports for July of 100,144,814 barrels, giving an average for the month of 3.230 million barrels per day (bpd), slightly less than the 3.273 bpd exported in June. The exports were entirely from the southern terminals, with no exports from Kirkuk via Ceyhan. Revenues for […]

Oil Ministry Declares its Final Exports for June

By John Lee. Iraq’s Ministry of Oil has announced final oil exports for May of 98.2 million barrels, giving an average for the month of 3.273 million barrels per day (bpd), slightly more than the 3.261 bpd exported in May. Exports from the southern terminals totalled 97.5 million barrels, with 700,000 barrels exported from Kirkuk. Revenues for […]

Oil Ministry Declares its Final Exports for May

By John Lee. Iraq’s Ministry of Oil has announced final oil exports for May of 101.1 million barrels, giving an average for the month of 3.261 million barrels per day (bpd), slightly more than the 3.253 bpd exported in April. Exports from the southern terminals totalled 100.4 million barrels, with 700,000 barrels exported from Kirkuk. Revenues for […]

Oil Exports Up Slightly in June

By John Lee. Iraq’s Ministry of Oil has announced preliminary oil exports for June of 98,178,370 barrels, giving an average for the month of 3.273 million barrels per day (bpd), slightly more than the 3.261 bpd exported in May. Exports from the southern terminals totalled 97,500,000 barrels, with 677,413 barrels exported from Kirkuk. Revenues for the month […]

Oil Exports Up Slightly in May

By John Lee. Iraq’s Ministry of Oil has announced preliminary oil exports for May of 101,134,586 barrels, giving an average for the month of 3.262 million barrels per day (bpd), slightly more than the 3.252 bpd exported in April. Exports from the southern terminals totalled 100,445,000 barrels, with 679,580 barrels exported from Kirkuk. Revenues for the month were […]

Oil Ministry Declares its Final Exports for April

By John Lee. Iraq’s Ministry of Oil has announced final oil exports for April of 97.6 million barrels, giving an average for the month of 3.253 million barrels per day (bpd), slightly less than the 3.259 bpd exported in March. Exports from the southern terminals totalled 96.9 million barrels, with 700,000 barrels exported from Kirkuk. Revenues for the […]

Iraq Considers Massive Oil Hedge

By John Lee. The head of the State Oil Marketing Organization (SOMO) has reportedly suggested that Iraq is interested in creating an oil price hedging program that would lock in prices for future trades far in advance. Falah Al Amri is quoted as saying: “We will not rush. This is a long process ... We […]

Oil Exports Fall Slightly in April

By John Lee. Iraq’s Ministry of Oil has announced preliminary oil exports for April of 97,574,813 barrels, giving an average for the month of 3.252 million barrels per day (bpd), slightly less than the 3.259 bpd exported in March. Exports from the southern terminals totalled 96,900,433 barrels, with 674,380 barrels exported from Kirkuk. Revenues for the month were $4,612,815,000, […]

Oil Exports Fall Slightly in March

By John Lee. Iraq's Ministry of Oil has announced preliminary oil exports for March of 101,031,675 barrels, giving an average for the month of 3.259 million barrels per day (bpd), slightly less than the 3.271  bpd exported in February. Exports from the southern terminals totalled 99,504,916 barrels, with 1,526,759 barrels exported from Kirkuk. Revenues for the […]

Iraq plans Lower Basra Crude Exports in December

By John Lee. Iraq plans to export 3.163 million bpd of Basra crude from its southern ports in December, according to a report from Reuters. The figure is slightly down on November's plan. It would be made up of 2.437 million bpd of Basra Light, and 726,000 bpd of Basra Heavy. Iraq has also raised […]

Luaibi Targets More Production Ahead of OPEC Meeting

By Simon Kent.  Iraq's Oil Minister Jabbar Ali al Luaibi has met with IOCs and asked them to do their utmost to increase production in Iraq's southern fields, which has fluctuated in 2016. The announcement, relayed by Ministry of Oil spokesman Asim Jihad, comes over a month before a meeting on the 26th of September […]