TotalEnergies Offers Iraqi Oil to Asian Buyers as Supply Swells

French oil major TotalEnergies SE is offering millions of barrels of Iraqi crude for prompt delivery to Asian buyers, according to traders. The move adds to a market already characterized by abundant supply. Traders said the offers should help accelerate Iraq’s oil exports, which have lagged behind, though the article’s excerpt does not provide specific export figures or timing. The context is that additional barrels from Iraq could shift regional supply dynamics for refiners and trading houses sourcing crude for Asia. TotalEnergies’ prompt-delivery sales are intended to attract buyers seeking near-term cargoes amid current oversupply conditions. The report cites trader information rather than official contract details, reflecting market-facing developments driven by pricing and logistics considerations.