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 that it was the highest daily average since May, and an increase on an average daily of 3.049 million bpd in September. Last month’s reports emerged that Iraq was one of three countries likely to oppose a proposal by Saudi Arabia and Russia to roll over the 7.7-million-bpd production cuts instead of relaxing them by 2 million bpd from January […]