Reuters reported that crude exports at Iraq's southern Basra offshore oil export terminals were stopped as high winds made it difficult for ships to reach the ports

A shipping source said that Southern exports flowed at 912,000 barrels per day on Saturday and 648,000 barrels per day on Friday down from 1.63 million barrels per day on Thursday due to bad weather.

The shipper said that exports from Basra ports were completely stopped as high winds made it difficult for the ships to reach the ports. Iraq which has some of the world's largest crude reserves, exported an average 2.101 million barrels of oil per day in September including 1.767 million barrels per day from Basra ports and 334,000 barrels per day from northern Kirkuk.

Iraq's oil production is currently at 2.9 million barrels per day the first time it has reached that level in 20 years thanks to an increase in investment and a drop in violence.

(Sourced from Reuters)