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Iraq Offers Huge Discounts Up To $33 Per Barrel For Oil Shipments Via Hormuz
Iraq Offers Huge Discounts Up To $33 Per Barrel For Oil Shipments Via Hormuz
By Charles Kennedy of OilPrice.com
OPEC’s second-largest producer, Iraq, is offering huge discounts of up to $33.40 per barrel off the official selling prices for its crude that has to move through the Strait of Hormuz.
Iraq’s oil production and exports have been severely crippled due to the hostilities in the Middle East and the de facto closure of the Strait of Hormuz, which is the only way to move Iraqi Basrah crude grades.
Iraq was one of the...
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