Over $30 a barrel discount, but…: Iraq cuts crude oil prices, if buyers are willing to transit Strait of Hormuz to collect it – The Times of India
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…