Iraq hiked August oil output, missed southern export targets

LONDON: Iraq’s crude oil output was 67,000 barrels per day higher in August than July but exports from the south of the country continued to be constrained by delays to infrastructure upgrades, data from state-owned marketer SOMO showed.

Iraq produced 4.651 million bpd of crude in August, in line with its quota under an OPEC+ deal, the data seen by Reuters showed, but exports fell by 62,000 bpd, so the extra August supply went into Iraq’s storage tanks and internal consumption.