Iraq has already scheduled oil shipments for loading in March due to projections of strong demand, Ali Nizar, deputy head of Iraq’s State Organization for Marketing of Oil reported. Ali Nizar put his faith in OPEC regulation. OPEC+ aim to raise output by 400,000 bpd a month is still conflicting with a production that has increased by less than that as some producers struggle to pump more. The market could need additional quantities of oil and OPEC+ will offer more to the market if needed,turning into an advantage to rise the attractiveness of markets. Iraq’s average oil exports are expected to rise to 3.3 million barrels per day in February, from 3.2 million barrels per day in January.
- Iraq schedules crude shipments for March loading amid strong demand-oil official