World & BusinessIraq reportedly offers last-minute oil cargoes amid high freight costs
Bloomberg reports that sky-high freight rates are complicating purchases of crude shipments from deep inside the Persian Gulf.
TLDR
Iraq’s state-owned marketing company is offering buyers last-minute crude cargoes, Bloomberg reports, citing people with direct knowledge of the matter. The report links the offers to sky-high freight rates that are complicating purchases of shipments from deep inside the Persian Gulf.
Iraq reportedly offers last-minute oil cargoes amid high freight costs
Bloomberg reports that sky-high freight rates are complicating purchases of crude shipments from deep inside the Persian Gulf.
TLDR
Iraq’s state-owned marketing company is offering buyers last-minute crude cargoes, Bloomberg reports, citing people with direct knowledge of the matter. The report links the offers to sky-high freight rates that are complicating purchases of shipments from deep inside the Persian Gulf.