Is Iraq Turning Its Back On The OPEC Deal?

Iraq appears to be offering higher than the usual amount of spot cargoes on the market for October, oil trade sources in Asia and Europe told Bloomberg, leaving traders wondering how OPEC’s second-largest producer intends to stick to its quota under the OPEC+ deal.   According to estimates from one trader, Iraq is likely offering between 160,000 barrels per day (bpd) and 320,000 bpd more than usual for October, Bloomberg noted.  Additional barrels will not breach Iraq’s quota, an official with knowledge of Iraq’s…