West Qurna 2 maintenance, Dhi Qar unrest shuts in 480,000 b/d of Iraqi oil production

Some 480,000 b/d of Iraqi crude production, roughly 11%, is offline, due to maintenance at the West Qurna 2 oil field and protests in Dhi Qar, exacerbating a tightening global market and rising prices already stoked by the escalating Ukraine crisis. The 400,000 b/d West Qurna 2 oil field will be shut through March 21 due to maintenance, an official…