Daily Energy Report
Iraq crude production & OPEC+ target, US crude/product inventories, Argentina shale, Russia subverts sanctions, Venezuela gas, Carbon price scam, US biofuel bill, Canada mineral symbolism, and more.
Chart of the Day: Iraq’s Crude Oil Production & Exports & OPEC+ Compensation
Summary
Figure (1) shows trends in Iraq’s crude oil production, consumption and exports. Iraq’s crude production has been decreasing in recent months to comply with OPEC+ targets, but exports were rising until they declined in June.