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Iraq slashes Basrah light price to Asia

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rocky
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Iraq slashes Basrah light price to Asia

Post by rocky on Tue Mar 13, 2018 3:40 am

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Iraq slashes Basrah light price to Asia
"Iraq has reduced the official sale price of Basra light crude to Asia for April 0.35 dollars, to become a discount of $ 0.75 per barrel than the average prices offered to Oman and Dubai compared to the previous month," the oil marketing company (SOMO) confirmed on Monday.
Sumo said in a statement that "the price of heavy Basra crude to Asia for the same month was priced at a discount of $ 4.50 a barrel for the Khamis of Oman and Dubai," according to Reuters.
"The official sale price of Basra light crude for shipments to North American and South American markets was set at $ 0.55 a barrel without the Argos index for high sulfur crude, up from the previous month. The price of selling Kirkuk crude to the US rose to $ 0.60 a barrel Above the same indicator ".
For shipments to Europe, the price of Basrah Light for April was set at $ 1.10 per barrel, less than $ 5.20 per barrel. The official sale price for Kirkuk crude in April was set at $ 3.65 less than Brent.

    Current date/time is Wed Dec 12, 2018 5:40 am