ADNOC buys Iraqi crude at a $25 per barrel discount
ADNOC, the Emirati oil company, purchased 32 million barrels of Iraqi crude for August 2026.
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The fact
The barrels were bought at a discount of $24.90 to $27 compared to benchmark prices.
This deal allows ADNOC to free up its own barrels for export, avoiding the Strait of Hormuz.
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