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Iraq to Cut the official selling prices of oil going to Asia & the United States DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Iraq to Cut the official selling prices of oil going to Asia & the United States

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Iraq to Cut the official selling prices of oil going to Asia & the United States Empty Iraq to Cut the official selling prices of oil going to Asia & the United States

Post by Ponee Tue Dec 09, 2014 10:21 am

Iraq to cut the official selling price of oil going to Asia and the United States
 
[7:19] 14 / Dec / 09 
 
 
 
Erbil, December 9 (PNA) - Iraq's oil marketing company said (SOMO) on Monday that Iraq cut the official selling raw Basrah Light destined for Asia and the United States for download in January, the price but slightly raise the price of crude destined for Europe. 
 
This comes after Saudi Arabia held a sharp cut to the official selling price of crude going to Asia and the United States last week, and analysts believe that the two dealers are competing to keep the share of each of them in a market saturated with supplies supply.
             
Sumo official price of Basrah Light crude destined to Asia to download January and was reduced to an average crude price of Dubai and Oman minus four dollars a barrel equivalent of minus $ 2.50 a barrel in December shipments.
 
Sumo official price of crude Basrah Light destined for the United States for shipments in January and reduced to Argus less index than 40 cents a barrel from minus dime index in December shipments while the price rose slightly crude destined for Europe to the equivalent Brent Messaging minus $ 4.35 a barrel for shipment in January compared with the equivalent of minus $ 4.45 for shipments of December.
 
 
Reuters

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