Federal Iraqi crude exports have been running at record levels for the past six months, despite the absence of any northern exports from Kirkuk. Exports averaged 3.46mn b/d over the past six months, marking the first instance when they have exceeded 3.4mn b/d for consecutive quarters (see chart).
The $19.1bn these brought in over 1Q was the most since 3Q 2014 when Iraqi crude exports averaged $96.81/B. (CONTINUED - 630 WORDS)
