Washington - Saba:
A new report by the Energy Research Unit indicates an increase in Iraqi and Libyan oil exports, while Oman and Qatar's seaborne crude oil exports declined in May 2025.
The new report stated that Iraqi and Libyan oil exports increased during May, with the gradual return of 2.2 million barrels per day of oil to the market, starting last April. This volume had been voluntarily reduced by eight OPEC+ countries between 2024 and the end of March 2025.
It was decided to raise the production increase ceiling to 411,000 barrels per day during May, June, and July 2025, more than previously planned.
In contrast, Oman's crude oil exports declined in May to approximately 935,000 barrels per day, compared to 994,000 barrels per day in the previous month, a decrease of 59,000 barrels per day.
Qatari crude oil exports declined last month to 566,000 barrels per day, compared to 586,000 barrels per day in April.
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