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Iraq slashes official sale price of Basra light crude to Asia in September

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Iraq slashes official sale price of Basra light crude to Asia in September

Post by RamblerNash on Thu Aug 09, 2018 9:48 pm

Iraq slashes official sale price of Basra light crude to Asia in September


Economy News _ Baghdad

Iraq has reduced the official sale price of Basra light crude to Asia for September by $ 0.50 from the previous month, to reach $ 0.15 a barrel below the average prices offered to Oman and Dubai, the Iraqi oil marketing company (SOMO) said on Thursday.

Sumo said in a statement received by "Economy News" that the price of heavy Basra crude was set to Asia for the same month at a discount of 3.15 dollars a barrel from the tents of Oman and Dubai.

The official sale price of Basrah Light crude for shipments to North American and South American markets for September was set at $ 0.25 a barrel below the Argos high-sulfur index, up from the previous month.

The official price of Kirkuk crude for shipments to the United States is set at $ 0.55 a barrel above the Argus index.

In shipments to Europe, the official sale price of Basrah Light for September fell by $ 0.70 to Brent crude, down from $ 4.80 per barrel, while the official sale price for Kirkuk crude for the same month rose to $ 3.45 without Brent.


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