OPEC’s second-largest producer, Iraq, boosted its southern crude oil exports to a new record high of 3.583 million b/d in August, according to the latest oil ministry data. Receive daily email alerts, subscriber notes & personalize your experience. Southern exports inch up to 3.583 million b/d KRG flows surge on stock draw, rising output Iraq exports totaled 4.028 million b/d This is up 40,000 b/d from July, the data showed Saturday, as the producer group follows through on its agreement to release more barrels into the market. Iraqi exports have been rising since OPEC and key non-OPEC allies agreed in June to abandon their production quotas, averaging 3.549 million b/d over the last three months. This is up 109,000 b/d from the first five months of 2018, the data showed. The rise in exports from Iraq’s southern terminals came despite the ongoing continuing suspension of […]