Iraq oil exports, revenue rebound

November oil sales have ticked up on higher oil prices and volumes, heading into uncertain new year with output expected to rise.
Tankers dock at the Al-Basra Oil Terminal. (BEN LANDO/Iraq Oil Report)

Iraq averaged 2.13 million barrels per day (bpd) in oil exports in November, the highest levels since August, ending a two-month decline.

At $106.60 per barrel, Iraq earned $6.83 billion last month, also the most since August, bringing the 11-month total this year to $75.91 billion in oil proceeds.

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