Iraq Continued to Produce below OPEC+ Quota in February

Iraq produced 4.34 million barrels per day (bpd) of crude in February, little changed from the previous month, according to an official at state-owned marketer SOMO.

According to SOMO's figures, Iraq's output was 92,000 bpd below its quota under the Organization of the Petroleum Exporting Countries and allies, known as OPEC+. This marked a second month that Iraq's output has been around 100,000 bpd below quota, according to its own figures.