Related Articles
Forward article link
Share PDF with colleagues

Iraq - crude data

Opec-member Iraq is cutting output, but the statistics are still confusing

Iraq is keeping its Opec promise to cut output to support prices. But because of the smog through which the country's official energy statistics are presented, pinning down the exact size of the reduction is proving difficult. The Opec agreement cited member states' October output figures, based on secondary sources, as the reference point for the cuts. In Iraq's case this was 4.56m barrels a day, a figure that Baghdad said was too low. For much of 2016 the Baghdad authorities insisted that the country's true output figure was about 250,000 b/d higher than that estimated by secondary sources. Nevertheless, the Iraqi authorities agreed that they would trim 210,000 b/d as their part of the de

Also in this section
As good as it gets for Opec
20 March 2017
Compliance with the Opec deal is defying the group's sceptics. How long can it last?
Bank the cash
15 March 2017
Opec can make or break whole economies. But its news is also a big deal for part-time day traders
Oil on troubled waters in Europe
6 March 2017
Demand has perked up. But politics will weigh on consumers in 2017