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February oil exports rise as OPEC-plus signals strategy shift

Iraq’s export volumes increased slightly month-on-month though revenues dipped as prices softened.
Workers attempt repairs on the SPM-1 export buoy on Sept. 8, 2019. (Source: Basra Oil Company media office)

Iraqi oil exports edged higher in February, averaging 3.308 million barrels per day (bpd), up from 3.298 million bpd in January, according to Oil Ministry data.

Monthly oil revenues fell to about $6.60 billion, according to an Iraq Oil Report estimate*, down from $7.47 billion in January — a decline that reflected both lower global oil prices and fewer days in the month.

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