31. The Iraqi exports are being made through a special allowance for humanitarian aid under the sanctions imposed by the United Nations. 32. The Organization of Petroleum Exporting Countries on Friday opted to boost its oil production ceiling to accommodate a renewal of Iraqi exports but dodged more difficult issues. 33. The start of Iraqi exports has been repeatedly delayed, but traders still expect a flood of their oil to come eventually. 34. The United Nations is scheduled to meet next month for a periodic review of sanctions it imposed against Iraqi exports after the invasion. 35. Traders expect the attack on Baghdad will delay the resumption of Iraqi crude exports that had been expected to bring prices down, analysts said. 36. What made the price retreat all the more remarkable was its occurrence during an Iraqi export embargo, which has since been canceled. 37. While broader sanctions are still in place, the U.N. allowed limited Iraqi exports beginning in December. 38. Prices have been sliding for eight straight days due to an increase in U.S. inventories, falling demand and the resumption of Iraqi exports. 39. All other Iraqi crude exports have been banned since the Gulf War. 40. Although Iraqi exports continued Friday, an Iraqi official said Baghdad was having difficulty placing its oil. |