Iraq’s crude exports rose 1 percent by volume in February, contrasting with a decrease in monthly shipments by Saudi Arabia after both countries agreed to OPEC’s plan to cut oil production in an effort to prop up prices and trim a global oversupply. Exports increased to 3.85 million barrels a day last month, about 39,000 barrels a day more than in January, according to port-agent reports and ship-tracking data compiled by Bloomberg. Shipments from the southern port of Basra grew by about 1 percent, and sales by the Kurdish Regional Government in the north of the country rose about 9 percent, the data show. The Organization of Petroleum Exporting Countries is limiting output in the first half of this year to cut global crude stockpiles that are weighing on prices. The group agreed on Nov. 30 to decrease production by 1.2 million barrels a day, with 11 countries outside […]