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Iraq cancels Lukoil cargoes amid U.S. sanctions

5 Nov 2025 · 18:08 ISTafter close1 source ↓written by the desknot a recommendation

producing: 400,000 bpd

Iraq's state oil marketing company SOMO has canceled three crude loadings from Lukoil due to U.S. sanctions. The loadings, scheduled for November 11, 18, and 26, involved crude from the West Qurna-2 oilfield, producing over 400,000 bpd. This move reflects traders' caution towards sanctioned Russian oil firms, potentially tightening global supply.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 5 Nov 2025, 18:08 IST.

Sourcesnews.google.com

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Iraq cancels Lukoil cargoes amid U.S. sanctions

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