Iraq Boosted Oil Exports In October Despite OPEC+ Quota

Iraq exported an average of 2.876 million bpd last month, up by more than 200,000 bpd from September, data from the oil ministry showed, as quoted by Iraq Business News. Adding exports from Kirkuk, in Kurdistan, the daily average stood at 2.968 million bpd. This boosted the country’s oil revenues—despite low prices—to $3.43 billion, with the average selling price for Iraqi oil at $38.48 per barrel. Another source, the Iraq Oil Report, put the average daily exports of Iraqi oil at an even higher figure: 3.277 million bpd, noting…