Iraq's October Oil Exports Surge to 3.4 Million Barrels Per Day
Source Summary
Iraq's oil exports averaged more than 3.4 million barrels per day in October, according to Oil Minister Bassem Mohammed Khudair, approaching pre-war levels of 3.3–3.5 million bpd. The figure represents a jump of approximately 750,000 bpd from September's 2.65 million bpd, with 250,000 bpd moving through the Iraq-Turkey pipeline to Ceyhan.
Why it matters
Iraq's recovery to near pre-war export capacity signals stabilization of a major global oil supply source and reduced disruption risk through the Strait of Hormuz.
