Iraq’s position in the Asian oil market collapses
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Baghdad (IraqiNews.com) – The Asian oil market has received its first shipment of Mexican fuel oil in nine months, offsetting a decline in supplies from Iraq and Kuwait via the Strait of Hormuz.
The development represents a dramatic change in global fuel trade relationships amid Middle Eastern turmoil and the conflict between the United States and Iran.
According to Reuters, Asian markets, particularly Singapore—a crucial hub for bunkering—are experiencing declining stock levels due to a d
The development represents a dramatic change in global fuel trade relationships amid Middle Eastern turmoil and the conflict between the United States and Iran.
According to Reuters, Asian markets, particularly Singapore—a crucial hub for bunkering—are experiencing declining stock levels due to a d
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