A post by @FirstSquawk on X.
OIL MINISTER SAYS IRAQ PRODUCES MORE THAN 5 MILLION BPD - STATE NEWS AGENCY
@FirstSquawk on X
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Iraq’s oil minister said the country is producing more than 5 million barrels per day, according to the state news agency, putting output above the 5-million-bpd mark that anchors its capacity claims. The figure matters because Iraq’s production level is a key variable in OPEC+ quota compliance and in gauging spare capacity. Traders will watch whether the 5-million-plus rate holds in monthly export and secondary-source data, and whether it complicates Baghdad’s position in OPEC+ supply discussions.
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Named in this story
Iraq, Iraq Oil Minister