Oil exports from southern Iraq are on course to hit another record high this month, two industry sources said, adding to signs that OPEC’s second-largest producer is following through on the group’s agreement to raise output. Southern Iraqi exports in the first 19 days of August averaged 3.7 million barrels per day, according to ship-tracking data compiled by an industry source, up 160,000 bpd from July’s 3.54 million bpd – the existing monthly record. The increase follows June’s pact among OPEC and allied oil producers to boost supply after they had curbed output since 2017 to remove a glut. Iraq in July provided the largest increase among OPEC members that took part in the previous cuts. “We are seeing volumes run at another record so far in the […]