IRAQ OIL RISE 15%
Iraq boosted crude shipments in March to the highest level in more than three decades, adding to a global supply glut that has helped push down oil prices by 46% in the last year.
OPEC’s second-largest producer shipped 92.4 MMbbl in March, or 2.98 MMbpd, said Oil Ministry spokesman Asim Jihad. Iraqi exports gained 15% from February, when foul weather at the country’s southern oil terminals limited shipments to 2.59 MMbpd, according to the Oil Ministry.
“The ministry has made extraordinary efforts to boost crude oil exports to compensate for the delays in loading of tankers due to bad weather,” Jihad said in…
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