Iraq - crude data
Opec-member Iraq is cutting output, but the statistics are still confusing
Iraq is keeping its Opec promise to cut output to support prices. But because of the smog through which the country's official energy statistics are presented, pinning down the exact size of the reduction is proving difficult. The Opec agreement cited member states' October output figures, based on secondary sources, as the reference point for the cuts. In Iraq's case this was 4.56m barrels a day, a figure that Baghdad said was too low. For much of 2016 the Baghdad authorities insisted that the country's true output figure was about 250,000 b/d higher than that estimated by secondary sources. Nevertheless, the Iraqi authorities agreed that they would trim 210,000 b/d as their part of the dea
Also in this section
19 January 2026
Newfound optimism is emerging that a dormant exploration frontier could become a strategic energy play and—whisper it quietly—Europe’s next offshore opportunity
16 January 2026
The country’s global energy importance and domestic political fate are interlocked, highlighting its outsized oil and gas powers, and the heightened fallout risk
16 January 2026
The global maritime oil transport sector enters 2026 facing a rare convergence of crude oversupply, record newbuild deliveries and the potential easing of several geopolitical disruptions that have shaped trade flows since 2022
15 January 2026
Rebuilding industry, energy dominance and lower energy costs are key goals that remain at odds in 2026
