Despite promises to keep in line with the OPEC+ pact, Iraq – OPEC’s second-largest producer and biggest laggard in implementing the cuts – slightly raised its crude oil exports in September compared to August. Iraq exported a total of 78,388,619 barrels of crude last month, according to data from Iraq’s ministry of oil cited by Iraq Business News . This means Iraq’s average crude oil exports stood at 2.613 million barrels per day (bpd) for September, slightly up from the 2.597 million bpd crude the country exported in August. Iraq received US$3.167 billion from its oil exports in September, at an average price of $40.407 per barrel it exported, the ministry said. Oil revenues are critical to Iraq’s budget income, but in recent months OPEC’s second-largest oil producer has come under pressure from its fellow OPEC+ partners led by Saudi Arabia to stop cheating on their production quotas and […]