TotalEnergies Trading Arm Totsa Offers Iraqi Crude at Near $10 Premium
Totsa offered Basrah Medium crude at a premium of close to $10 a barrel to Dubai quotes, according to traders. Oil traffic through the Strait of Hormuz has been largely disrupted since the U.S.-Israeli war with Iran began in late February. Iraq’s SOMO invited customers to lift August Basrah-loading volumes, but many buyers stayed wary of attack risks.