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Saudi Arabia Asks Iraq For Oil

Saudi Arabia has approached Baghdad with a request to buy crude oil from OPEC’s number-two to compensate for its production outage caused by the Saturday attacks, sources who declined to be named told S&P Global Platts. According to one of the sources, Aramco had asked Iraq’s State Oil Marketing Organization, or SOMO, for some 10 million barrels of Basra Light, to load in October and November. The drone and cruise missile attacks on Saudi oil infrastructure removed an estimated 5.7 million bpd from its output. Although work is underway…
Original author: Irina Slav
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