Iraq increases oil exports, sees extra revenues, state oil marketer says

Iraq has increased oil exports following the gradual unwinding of voluntary production cuts under an OPEC+ agreement, the country's state oil marketer SOMO said on Sunday. Earlier this month, eight members of OPEC+ agreed to raise production from October by 137,000 barrels per day. OPEC+ has been increasing production since April after years of cuts to support the oil market. The increase in Iraqi exports is expected to generate hundreds of millions of dollars in additional revenues at current price levels, SOMO's director general Ali Nizar Al-Shatari told the Iraqi state news agency. He did not specify the size of the export rise, but said that an additional 200,000 barrels per day of production would boost government coffers. Iraq's oil...