Page 2 - Basrah Light News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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 India's biggest oil supplier, wants to discuss the level of discounts expected by Indian refiners. India's 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 Arabia, and the UAE have suffered as a result.

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