Iraq's Basrah crude exports to increase to 3.4m b/d in January

Oil

Iraq's Basrah crude oil exports in January are expected to increase to 3.4M b/d, up by 17.2% (around 500K b/d) from the prior month, Reuters reports. The increase was driven by a jump in Basrah Light exports which are scheduled to average 2.61M b/d, while Basrah Heavy exports are expected to be steady m-o-m at 750K b/d.