Iraq lifts October crude exports above 3.4 million barrels per day with discounted Basrah cargoes
Question
Iraq lifts October crude exports above 3.4 million barrels per day with discounted Basrah cargoes
Direct answer
Additional Iraqi barrels partly offset regional supply losses and increase competition for refiners, although tanker constraints limit the effective relief.
- Original publisher
- Market Ontology
- Evidence through
- 2026-10-20
- Published
- 2026-10-20
- Revision
- 1 · 2026-10-20
Cite as: Market Ontology, “Iraq lifts October crude exports above 3.4 million barrels per day with discounted Basrah cargoes”, revision 1, evidence through 2026-10-20. https://marketontology.com/market-events/2026-10-20/iraq-lifts-october-crude-exports-above-3-4-million-barrels-per-day-with-discount-78f238
How this development reaches the affected companies
| Asset | Exposure and channel | Direction | Evidence |
|---|---|---|---|
| BZ=F | higher Iraqi exports add physical supply to a market already balancing disruption risk | Down1-5d | Iraq exported more than 3.4 million barrels per day in October, up from 2.4 million in August |
| BASRAH | deep discounts on Basrah Medium and Heavy weaken realized export pricing | Down1-4w | November cargoes were offered roughly $35 to $37 per barrel below regional benchmarks |
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What happened next
Price follow-up pending — no stored daily closes for these assets yet.
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Sources
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