Iraq Economic News and Points To Ponder Sunday Afternoon 10-5-25

Gold Prices Rise Slightly In Baghdad Markets.

Money and Business   Economy News – Baghdad   Iraqi and foreign gold prices saw a slight increase on the Baghdad Stock Exchange today, Saturday.

Gold prices in the wholesale markets on Al-Nahr Street in the capital, Baghdad, this morning recorded a selling price of one mithqal of 21 karat Gulf, Turkish and European gold at 775 thousand dinars, and a purchase price of 771 thousand, while last Thursday’s prices recorded 772 thousand dinars.

Mawazine News – Baghdad   : The dollar exchange rate stabilized in local markets in the capital, Baghdad, on Sunday.   The selling price reached 142,500 dinars per $100, while the buying price reached 140,500 dinars per $100.   https://www.mawazin.net/Details.aspx?jimare=267834

Iraqi Oil Exports To The US Exceed 4 Million Barrels Despite The Decline.

Economy | 10:42 - 05/10/2025   Mawazine News - Follow-up  The U.S. Energy Information Administration announced that Iraq's crude oil exports to the United States amounted to more than 4.2 million barrels during September, down from about 7.9 million barrels in August.

The administration explained that Iraq ranked sixth among the largest exporters to the United States and second among Arab countries after Saudi Arabia, whose exports amounted to 7.29 million barrels, while Libya ranked third with 3.03 million barrels.    https://www.mawazin.net/Details.aspx?jimare=267833

Decline In Iraqi Market Indices, With Trading Worth 777 Million Dinars

Stock Exchange  Economy News – Baghdad   The Iraq Stock Exchange recorded a slight decline in the general index during today's session, Sunday.   The ISX 60 closed at 965.71 points, down 0.15%, or 1.44 points.

The ISX 15 index also fell to 1,128.13 points, compared to the previous close of 1,131.26 points, recording a decrease of -0.28%, equivalent to 3.13 points.   The trading value of traded shares exceeded 777 million dinars through the listing of 979 transactions.    https://economy-news.net/content.php?id=60762

OPEC+ Countries Decide To Increase Oil Production By 137,000 Barrels Per Day.

Buratha News Agency802025-10-05    The eight OPEC+ member states announced they had agreed to raise their oil production ceiling for November by 137,000 barrels per day compared to October.

This decision was made at a virtual meeting held on Sunday by OPEC+ member states that had previously voluntarily reduced their production: Russia, Saudi Arabia, Iraq, Kazakhstan, Kuwait, the United Arab Emirates, Oman, and Algeria.

According to the meeting's results, Kazakhstan will be able to increase its oil production in November to 1.563 million barrels per day, while Iraq's production will rise to 4.255 million barrels per day.

Russia will increase oil production in November by 41,000 barrels per day, reaching 9.532 million barrels per day, while Saudi Arabia's production will rise to 10.061 million barrels per day.

OPEC+ said in a statement: "Given the strong global economic outlook and current favorable market conditions, reflected in declining oil inventories, the eight participating countries have decided to adjust their production by 137,000 barrels per day, compared to the additional voluntary cuts of 1.65 million barrels per day announced in April 2023. This adjustment will be implemented in November 2025."

The statement indicated that the countries will continue to assess market conditions and reiterated the importance of adopting a cautious approach and maintaining full flexibility – as participants can suspend or cancel oil production increases, including lifting the voluntary 2.2 million barrels per day cap.  The next meeting of the eight member states is scheduled for November 2.   http://burathanews.com/arabic/economic/466075

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