Iraq’s oil exports decline in March amid bad weather, OPEC cuts

Iraq’s oil exports fell month-on-month to an average of 3.377 million barrels per day (bpd) in March, the Oil Ministry said on Monday, as poor weather interrupted loadings and producer group OPEC continued to cut supplies.

Iraq, the second-largest producer in the Organization of the Petroleum Exporting Countries, exported 3.62 million bpd of crude oil in February.

Exports from Iraq’s southern Basra ports stood at 3.254 million bpd, the ministry said, down from 3.54 million bpd in

February.

Bad weather in the Gulf halted the loading of crude on some days, Iraqi oil officials told Reuters.

“Rough weather forced us to stop loading operations more than once at the export terminals. We had to cut output from some oilfields during the export halt,” an official with knowledge of export operations said.

Related Articles