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Iraq lowers the official selling price of Basra Light Crude to Asia in May DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Iraq lowers the official selling price of Basra Light Crude to Asia in May

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Iraq lowers the official selling price of Basra Light Crude to Asia in May Empty Iraq lowers the official selling price of Basra Light Crude to Asia in May

Post by claud39 on Wed Apr 15, 2020 6:39 pm

Iraq lowers the official selling price of Basra Light Crude to Asia in May


04/15/2020



Iraq lowers the official selling price of Basra Light Crude to Asia in May 4431





The Economy News - Baghdad



The Iraqi Oil Marketing Company (SOMO) said on Wednesday that it will reduce the official selling price of Basra Light in May to Asia by $ 3.35, at a discount of $ 6.55 a barrel from the average Oman / Dubai prices offered compared to the previous month.

Sumo said in a statement that it was decided to price Basra heavy crude for Asia in the same month at a discount of $ 8.30 a barrel from the prices of Oman / Dubai offered.

The official selling price of Basra Light in May for North and South American markets was set at the Argus index for high-sulfur materials, minus $ 1.05 a barrel, unchanged from the previous month, while the price of Kirkuk crude to the United States increased to a discount of $ 0.10 a barrel from Argus.

And for Europe, the official selling price of Basra Light in May rose by $ 0.50 to the price of Brent, minus $ 8.30 per barrel, and the official selling price for Kirkuk crude in May was stable at a discount of $ 6.85.





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