Iraqi Cabinet authorises Iraqi oil tankers company to lease available tankers in Gulf for storage or other uses to extend refinery operations when sales are not possible

The Iraqi Cabinet's decision to allow the leasing of tankers for storage indicates that they are preparing for potential fluctuations in oil sales, which could point to supply concerns or attempts to manage inventory more effectively.

Newsquawk StaffPublished 7 Apr 2026, 16:20 UTCOn the live feed at 16:00 UTC — 4 more headlines followed before this page went public

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16:06

Israeli military warns vessels in maritime area between Lebanon's Tyre and Ras Naqoura, and says all vessels must immediately sail north of Tyre

16:02

US EIA STEO: 2026 world oil demand at 104.6mln BPD (prev. 105.2mln BPD); 2027 seen at 106.2mln BPD (prev. 106.6mln BPD)

16:00

Iraqi Cabinet authorises Iraqi oil tankers company to lease available tankers in Gulf for storage or other uses to extend refinery operations when sales are not possible

15:59

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15:54

Iraq's Kataib Hezbollah says they will release abducted American journalist Shelly Kittleson, and has to leave Iraq immediately

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Context

This move could influence market sentiment regarding oil supply stability, potentially impacting WTI prices and overall commodity flow in the region.

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