Home / Market Update / Commodities / SOMO data shows that Iraq’s oil production declined in November in line with its share in OPEC+
OPEC

SOMO data shows that Iraq’s oil production declined in November in line with its share in OPEC+

Data from the Iraqi State Oil Marketing Company (SOMO), seen by Reuters on Thursday, showed that Iraq produced 4.43 million barrels per day of crude oil in November, down 221 thousand from October.

These figures show that Iraq’s crude production is in line with its quota under the OPEC + agreement in November.

Check Also

May Inflation Cools, Raising Hopes for Fed Rate Cuts

U.S. inflation eased in May, matching economists’ expectations and potentially bolstering the case for the …