Iraq’s crude oil production rose to its highest level in 13 months in July—to 4.46 million bpd, Platts quoted the Iraqi State Oil Marketing Organization (SOMO) as saying on Thursday. Since the fourth quarter of 2017, Iraq has been consistently reporting to OPEC that its production was 4.36 million bpd each month, according to OPEC’s Monthly Oil Market Report . According to OPEC’s secondary sources in the July MOMR, Iraq’s oil production jumped by 71,500 bpd in June over May, to 4.533 million bpd. This was the second largest increase within the cartel for June, after the Saudi production jump of 405,400 bpd, according to the secondary sources—the ones that OPEC uses for calculating quotas and compliance. OPEC’s August MOMR with data for July is due out on Monday, August 13. According to the latest S&P Global Platts survey , Iraq’s oil production in July was 4.57 million bpd, […]