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Iraq Cancels Lukoil Cargoes as U.S. Sanctions Bite
U.S. sanctions on Russia's top oil firms caused a 20% drop in crude exports and a rise in at-sea storage to over 380 million barrels, affecting key buyers like India and China.
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Iraq Cancels Lukoil Cargoes as U.S. Sanctions Bite
Iraq’s state oil marketing company SOMO has canceled three crude loadings from Russia’s Lukoil this month after the U.S. sanctioned the second-biggest Russian oil producer last month, market sources have told Reuters. Lukoil has a 75% equity stake in Iraq’s giant West Qurna-2 oilfield, which produces more than 400,000 barrels per day (bpd) of crude oil. The three loadings from Lukoil from its production at West Qurna-2 were scheduled for Novembe…
·London, United Kingdom
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Total News Sources1
Leaning Left0Leaning Right0Center1Last UpdatedBias Distribution100% Center
Bias Distribution
- 100% of the sources are Center
100% Center
C 100%
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