Iraq Considers Massive Oil Hedge

published:28/05/2017 08:43 GMT

Iraq is mulling an oil hedging program to lock in prices for future crude sales, potentially topping a similar deal run by Mexico that is considered the largest energy trade in Wall Street. The Middle Eastern nation is in the very early stages of exploring a hedge for as much as a quarter of either its crude production or exports, Falah al-Amri, the head of Iraq’s state oil-marketing company, known as SOMO, said in an interview at the Iraq Petroleum Conference in London last week. “We will not...More