How the Iran war wiped out 82% of Iraq's oil export volume in one month
February
99.9M
99.87M bbl
Total exported
$6.81 bn
Revenue
3.567M bpd
Daily average
March
~18M
~18M bbl
Total exported
~$2 bn
Revenue
~580K bpd
Daily average
↓
82% volume
↓
71% revenue
↓
84% daily rate
OPEC context: A Reuters survey found Iraq's crude output averaged 1.4M bpd in March, down from 4.15M bpd in February — the largest drop among all OPEC members. March output was the lowest since June 2020.