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Market Impact: 0.45
Vitol emerges as one of Iraq's top crude buyers, sources say
Source: reuters.com
Energy Markets & PricesGeopolitics & WarTransportation & LogisticsCommodities & Raw Materials
Vitol bought at least 25 million barrels of Iraqi crude in September, leveraging its shipping and logistics network to facilitate exports stranded by the US-Iran war. The purchases underscore disruption risks to Iraqi oil flows while positioning Vitol to benefit from its logistical scale in rerouting supply.
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