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Iraq cuts oil prices to Asia and the Americas

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Iraq cuts oil prices to Asia and the Americas

Post by claud39 on Thu Dec 13, 2018 6:42 am


Iraq cuts oil prices to Asia and the Americas


Economy News _ Baghdad

The Iraqi oil marketing company "Sumo" announced on Thursday that it will cut the official sale price of Basra light crude to Asia in January by $ 0.60, to equalize the prices of Oman and Dubai in November. 
"Basra's heavy crude for Asia in the same month is less than the price of Oman and Dubai crude at $ 2.50 per barrel," Sumo said in an e-mailed statement.
The official sale price of Basrah Light crude in January for the American markets at the price of high-grade "Arghus" crude by $ 0.80 a barrel, up from the previous month, while the price of Kirkuk crude to the United States fell below the same price of $ 0.10 per barrel .
For Europe, the official sale price of Basrah Light crude in January rose by $ 0.60 a barrel to $ 2.95 a barrel lower than the price of Brent crude, while the official sale price of Kirkuk crude in January rose to $ 2.70 per barrel.

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