Oil
Iraq’s Oil Production Soars to 2019 High as Hormuz Flows Surge
CEII brief
OilPrice.com reported on 13 Nov 2026: Iraq’s Oil Production Soars to 2019 High as Hormuz Flows Surge.
Read the full story on OilPrice.comIraq’s crude oil production hit 4.6 million barrels per day (bpd) in October, the highest since 2019, data from the International Energy Agency’s monthly report showed on Friday, as OPEC’s second-largest producer hiked output by 540,000 bpd from September.
Context from CEII
Crude benchmarks move budgets, currencies and inflation in producer and importer countries alike. For economies such as Nigeria, where fuels dominate exports, production and refining decisions move the whole economy.
99.0% of Iraq’s merchandise exports were fuels in 2024Countries in this story
Original reporting © OilPrice.com. Headline and excerpt quoted with attribution; the full article is available on the publisher’s site. CEII’s context is the Centre’s own and does not represent the publisher.
