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UAE's ADNOC buys millions of barrels of Iraqi crude, sources say
Source: reuters.com
Energy Markets & PricesGeopolitics & WarTrade Policy & Supply ChainCommodities & Raw Materials
ADNOC bought millions of barrels of discounted Iraqi crude, expanding its trading role amid supply disruptions caused by the Iran war. The transactions highlight war-driven dislocation in regional oil supply chains and could support ADNOC's trading margins while underscoring elevated geopolitical risk for crude markets.
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