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Wednesday, April 24, 2024 23:38 GMT
Iraq's Oil Marketing Company (SOMO) is offering April-loading crude cargoes to some selected Asian customers, three trade sources said, in a rare offer of prompt crude cargoes as a growing global oil glut hits producers.Some buyers have sought to cancel some purchases of Middle East crude due to dropping fuel demand and lockdowns amid the global coronavirus pandemic, traders have told Reuters. SOMO did not immediately respond to a request seeking comment.