Iraq's June Crude Exports Decline From Year High in May
- Shipments from both northern, southern ports slide in June
- Country to boost output capacity to 5 million barrels a day
Why Oil Prices Are Up for an Eighth Straight Day
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Iraq’s June crude exports slipped from from the highest level since December amid decreased outflows from both southern and northern fields.
Ships hauling 113 million barrels of Iraqi crude sailed from ports in the Persian Gulf and Mediterranean Sea in June, according to data from port agents and tracking tracking. That works out at about 3.77 million barrels a day, or 4 percent lower than May.