$BTC
🇮🇶 Iraq's oil production hits 7-YEAR HIGH despite Iran war
The IEA estimates that Baghdad pumped 4.6 million barrels A DAY in October. That's an increase of 540,000 barrels per day from September.
It's also ~170,000 barrels a day ABOVE its OPEC+ production limit, even as the country seeks permission to produce more in 2027.
The increase comes as Gulf producers restore oil supplies despite disruptions from the Iran war.
Iraq has QUIETLY reached its highest production level since 2019 while global attention is focused elsewhere.
Sources: IEA, Reuters, OilPrice
#CryptoNewss #worldnewswithfatema
🇮🇶 Iraq's oil production hits 7-YEAR HIGH despite Iran war
The IEA estimates that Baghdad pumped 4.6 million barrels A DAY in October. That's an increase of 540,000 barrels per day from September.
It's also ~170,000 barrels a day ABOVE its OPEC+ production limit, even as the country seeks permission to produce more in 2027.
The increase comes as Gulf producers restore oil supplies despite disruptions from the Iran war.
Iraq has QUIETLY reached its highest production level since 2019 while global attention is focused elsewhere.
Sources: IEA, Reuters, OilPrice
#CryptoNewss #worldnewswithfatema
