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Iraq sells two million barrels of oil to an unknown buyer at a high price
economy Since 2017-04-28 at 12:59 (Baghdad time)
Baghdad Mawazine News
The Iraqi oil marketing company (SOMO) sold 2 million barrels of Basrah Light crude for June loading at a premium above the official selling price at an auction on the Dubai Mercantile Exchange, trade sources said on Friday.
"The shipment was sold at 31 cents above the official price to an unknown buyer," the sources said, according to Reuters.
"The loading date of the shipment on June 26 was attractive to traders because it gives them enough time to resell the oil," she said.
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economy Since 2017-04-28 at 12:59 (Baghdad time)
Baghdad Mawazine News
The Iraqi oil marketing company (SOMO) sold 2 million barrels of Basrah Light crude for June loading at a premium above the official selling price at an auction on the Dubai Mercantile Exchange, trade sources said on Friday.
"The shipment was sold at 31 cents above the official price to an unknown buyer," the sources said, according to Reuters.
"The loading date of the shipment on June 26 was attractive to traders because it gives them enough time to resell the oil," she said.
[You must be registered and logged in to see this link.]
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