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"Sumo" stopped the issuance of monthly programs for Basra crude exports
economy Since 2017-06-15 at 16:24 (Baghdad time)
Mawazine News - Follow up
The State Oil Marketing Company (SOMO) has decided to stop issuing monthly Basra crude export programs as of July.
"Sumo notified the companies of the amount of oil they would receive each month, but without issuing the full program for the loading volumes and their dates for each buyer," trade sources said.
It was unclear why Somo stopped announcing the download program.
Oil prices have fallen close to seven-month lows in trading today, hurt by rising global inventories and doubts about OPEC's ability to implement production cuts.
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economy Since 2017-06-15 at 16:24 (Baghdad time)
Mawazine News - Follow up
The State Oil Marketing Company (SOMO) has decided to stop issuing monthly Basra crude export programs as of July.
"Sumo notified the companies of the amount of oil they would receive each month, but without issuing the full program for the loading volumes and their dates for each buyer," trade sources said.
It was unclear why Somo stopped announcing the download program.
Oil prices have fallen close to seven-month lows in trading today, hurt by rising global inventories and doubts about OPEC's ability to implement production cuts.
[You must be registered and logged in to see this link.]
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