Iraq’s oil production fell in November by more than 100,000 barrels per day to 4.37 million b/d. Russia supplanted Iraq as India’s top supplier in November as the EU ban pushes more Russian Urals to Asia. Shipments of Basrah and Kurdish crude both edged down for the month, while Baghdad is hoping to hike its export capacity in the second half of 2023. Save for later Print Download Share LinkedIn Twitter Despite Iraq’s Opec-plus production target being slashed by 220,000 b/d last month to 4.43 million b/d, in line with the group’s 2 million b/d cut, the Opec laggard still fell short by around 60,000 b/d, with exports of Basrah crude slipping below the year-to-date average.
