Iraqi crude output continued a steady rise in October, although bad weather put a damper on exports and highlighted infrastructure constraints.
Energy
-
Kurdistan's oil sales are steadily growing; a Rosneft-funded oil pipeline has finally reached the 1 million bpd benchmark; and oil companies are getting paid.
-
In a dramatic shift away from recent austerity policies, Iraq's Cabinet has proposed a 27 percent increase in spending with a $111 billion draft budget.
-
Strong global oil prices helped Iraq compensate for its second straight month of decreasing export rates.
