Iraq oil export rebound undercut by depleting oil price

Oil exports increased from both the Iraqi federal government and the semiautonomous Kurdistan region in February, but Iraq posted its worst month for oil revenues in more than two years due to declining oil prices.

Nationwide, Iraq sold an average 3.887 million barrels per day (bpd) in February, up from 3.694 million bpd in January and barely more than 3.874 million bpd in December.