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Sumo cuts official sale price of Basra light crude to Asia in August
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Iraq has reduced the official sale price of Basrah Light crude to Asia for August to $ 0.20 to $ 0.35 a barrel above the average price offered to Oman and Dubai for the previous month, Iraq's oil marketing company SOMO said .
Sumo said in a press statement that Basra's heavy crude to Asia for the same month was priced at a discount of $ 2.65 a barrel from the Oman and Dubai branches .
The official sale price of Basra light crude for shipments to North American and South American markets for August has not changed to remain at $ 0.40 a barrel without the Argos high-sulfur index .
The official price of Kirkuk crude for shipments to the United States also remained unchanged at $ 0.50 per barrel above the Argos high-sulfur index .
For shipments to Europe, the official sale price of Basrah Light crude for August fell to $ 0.15 to Brent crude, down from $ 4.10 per barrel, while the official sale price for Kirkuk crude for the same month rose to $ 3.85 less than Brent's price .
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