No. 2 OPEC producer loosens oil shackles for premium prices

Iraq is enabling buyers to load its crude oil without stating the destination of the cargo. This will allow buyers to make a decision at the time of loading on the best location, based on factors such as comparative pricing and whether a particular region is short of supply.
Photo: Nabil al-Jurani
Photo: Nabil al-Jurani

OPEC's second-biggest producer is relinquishing some control over its prized oil in exchange for better prices.

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