Story thread · 2 reports / 2 sources
Vitol Scoops Up 25 Million Barrels of Discounted Iraqi Crude
oilprice.com · 2h
How the coverage leans
Across 2 sources · syndicated copies counted once
Vitol has bought at least 25 million barrels of Iraqi crude for September loading, making the world’s largest independent oil trader Iraq’s second-biggest buyer behind ADNOC as Baghdad pays steep discounts to keep barrels moving through the Strait of Hormuz. Iraq’s SOMO offered September crude at discounts of $15 to $20.80 per barrel to its official selling prices, according to a tender document reviewed by Reuters. Trading sources said some cargoes sold at even larger discounts. The discount buys something Iraq badly needs right…
First report: Vitol Trader Confirmed Radiant World Deal That Vitol Now Denies — bloomberg.com, 1d
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