• Iraqi exports recovered in September with initial oil ministry estimates showing 2.542mn b/d exports from the southern ports of Basra and Khor al-Amaya.
• The figure is 167,000 b/d up on August exports but still below the 2.8mn b/d exported in February, the highest level since 1979 (see graph).
• The closure of the Baiji refinery, Iraq’s largest, should, in theory, have freed more crude for export but infrastructure constraints and a lack of...