Iraq's oil exports to a record high in September

Oil exports from southern Iraq are heading towards a record high this month, bolstering signs of OPEC's second-biggest producer commitment to an oversupply agreement and domestic unrest does not affect shipments, two oil industry sources said on Thursday.

Exports of southern Iraq in the first 19 days of September were 3.6 million barrels per day (bpd), an increase of 20,000 bpd from August's 3.58 million barrels per day (bpd).
The increase comes after the June agreement between OPEC and its allied producers to boost supply after curbing production since 2017 for a tarnish. In August, Iraq carried out its second-largest increase in OPEC output as shipments to Iran, facing renewed US sanctions, declined.

A second source in the sector also notes shipments averaging 3.6 million barrels per day (bpd) this month thanks to smooth operations at export ports and unrest in Iraq's second-largest city, Basra.
"There were fears that the protests would reach the port, but so far there is no impact," the source said.

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