Sharp Decline in Ceyhan Supplies: Kirkuk Oil Records 128,000 BPD in May 2026

 In 2026, Iraq's energy sector continues to grapple with export challenges as Kirkuk's crude shipments to Turkey decrease to 128,000 bpd this May. The 28% monthly drop underscores the volatility of regional pipelines and the impact of the 2026 maritime blockade in the South. With Gulf terminals effectively constrained by the Hormuz crisis, the northern Ceyhan route remains critical yet insufficient to offset the massive loss in 2026 export volumes. Analytical reports emphasize that current 2026 shipment averages are far below the 3.3 million bpd baseline established in 2025, signaling a period of significant economic adjustment for Baghdad.