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