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Iraq Struggles to Sell Oil From Basra After Hiking Its Prices
Source: Bloomberg
Energy Markets & PricesCommodities & Raw MaterialsTrade Policy & Supply Chain
Iraq is struggling to secure buyers to lift crude from inside the Persian Gulf this month after sharply increasing its official selling prices. The lack of buyers could jeopardize a recovery in Iraqi oil exports and flows, potentially tightening regional physical crude availability while weighing on Iraq's oil revenue.
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