Mideast crude market rides out Iraq conflict for now
 

18-06-14 12:51 PM

The conflict in Iraq has not caused the Middle East crude market to rally so far, with cash differentials instead falling, held down by lacklustre demand in Asia and ample supply from Europe and Latin America. The Middle East sells most of its crude to Asia. Crude from Abu Dhabi, Oman, Qatar and Bahrain, to load in August has been sold at lower differentials than the previous month, despite a ...

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