Svmuu News: According to foreign media citing informed sources, Vitol Group is offering Iraqi Basra crude oil to clients, indicating that some shipments may have successfully departed the Persian Gulf.
Sources revealed that Vitol has been supplying refineries over the past few days with Basra Medium crude and Basra Heavy crude, delivering the oil via ship-to-ship transfers off the coast of Fujairah (a port in the UAE). If the deals are finalized, this would be an exceptionally rare case of Iraqi crude being publicly offered by a trader in the spot market since the Strait of Hormuz blockade. (Jin Shi)