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The OPEC member is offering reductions of up to $33.40 per barrel on its benchmark Basrah Medium grade. (AI image) With oil supplies via the Strait of Hormuz still disrupted, Iraq is now offering deep discounts to buyers for picking crude from the country. Iraq has rolled out steep price cuts for buyers with term…
NEW DELHI: The government on Monday said that 10 foreign-flagged ships carrying energy products and bound for India are presently stranded in the Persian Gulf. This is in addition to 18 Indian vessels that are currently in that region.Responding to a question, Rajesh Sinha, special secretary of the shipping ministry, said three of the foreign-flagged…
File photo (Picture credit: AP) Venezuela’s main oil ports entered a fifth straight day without shipping crude to customers in Asia, the country’s biggest buyers, as US pressure on the OPEC producer intensified under an oil embargo, shipping data showed.The halt in deliveries risks worsening problems for state-run oil firm PDVSA, which is already struggling…
