As of June 4, 2024, OPEC's crude oil production in Iraq has held steady at 4.20 million barrels per day (bpd). According to the latest data, this figure has remained unchanged from previous records.
The stability in Iraq's oil production comes amid a volatile global market and ongoing discussions within OPEC regarding potential production cuts or increases. Analysts had been watching closely to see if Iraq would adjust its output, but the consistent figure may signal a focus on maintaining stability within the country's oil sector.
With these numbers, Iraq continues to be a significant player in the global energy market, particularly within the context of OPEC's overall production strategy. The unchanged output can have various implications for market dynamics, impacting everything from global oil prices to energy policies worldwide.
