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25 Sep 2015: Iraqi crude oil production. After OPEC decided in November 2014 to maintain market share rather than protect the oil price, total OPEC output has increased significantly. According to IEA estimates, OPEC production (including NGLs) increased from 36.6 Million barrels per day (Mb/d) to 38.5 Mb/d in recent months. Almost half of the increase was due to growth in Iraqi crude oil production. As Iraqi production and exports increase, so is the importance of these exports to the tanker market. Download Here