Basrah Light News Today

Bulgaria uses the crude oil to fuel its Burgas refinery, which has a capacity of 190,000 barrels per day (bpd)

Bulgaria is set to replace imports of Russian crude with oil from Kazakhstan, Iraq and Tunisia although this will be more expensive.

Refiners across the top-importing region of Asia are being forced to adapt buying patterns as the additional output cuts by Saudi Arabia have reduced availability of their preferred medium sour grades... -Today at 01:14 am- MarketScreener

Refiners across the top-importing region of Asia are being forced to adapt buying patterns as the additional output cuts by Saudi Arabia have reduced availability of their preferred medium sour grades...

NL Bussiness desk India will soon meet Iraq and the United Arab Emirates (UAE) to seek a definitive rate of discount on crude oil similar to what Russia has provided so far, sources said. ultiple officials and industry executives said Iraq, which is India’s biggest oil supplier, wants to discuss the level of discounts expected

India will soon meet Iraq and the United Arab Emirates (UAE) to seek a definitive rate of discount on crude oil similar to what Russia has provided so far, sources said. Multiple officials and industry executives said Iraq, which is Indias biggest oil supplier, wants to discuss the level of discounts expected by Indian refiners. Indias focus on snapping up ever-increasing volumes of Russian crude oil has led to a corresponding decline in imports from the Middle East. Flows from Iraq, Saudi Arabi...

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

China’s Shanghai International Energy Exchange, or INE, said June 24 it would allow Iraqi crude Basrah Medium and Brazil’s Tupi for physical delivery against its existing crude futures contract, while removing Yemen’s Masila grade from the deliverable crude basket, effective immediately. The move brings to nine the number of crudes allowed to be delivered against ...

Iraq could raise its oil production capacity to 6 million bpd over the next five years but no more than that because of constraints weighing on the industry’s expansion