Iraq Reduces The Selling Price Of Basra Light Crude To All Regions In October

Baghdad, The Iraqi Oil Marketing Company (SOMO) announced today that it will reduce the official selling price of Basra Light crude in October for shipments for Asia, the United States and Europe.

The company has set, according to a statement: the official selling price of Basra Light crude to Asia is at 30 cents a barrel above the average Oman / Dubai offered prices, down from the premium of $ 1.5 a barrel in September.

The prices were reduced to the United States, where the price of Basra Light crude was set at 40 cents a barrel above the Argus index for high sulfur crudes, and the official selling price for Europe also reduced, and it was set at a discount of $ 0.70 per barrel.

 

Source: National Iraqi News Agency

Leave a Reply