Iraq Is Preparing For Higher Oil Demand

Iraq is already scheduling crude oil shipments for delivery in March thanks to strong demand, the deputy head of the State Organization for the Marketing of Oil, or SOMO, told media in Baghdad, as quoted by Reuters. Ali Nizar also told media that Iraq’s oil exports were stable this month and were going to be slightly higher next month, Bloomberg reported. For this month, the average daily rate of exports is seen at 3.2 million bpd, the SOMO deputy director-general said, adding it would likely increase to 3.3 million bpd in February. These are the…