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No offers in front of the Iraqi Sumo to sell Basra oil[/size]
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2 hours ago
No offers in front of the Iraqi Sumo to sell Basra oil[/size]
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2 hours ago
Shafaq News / Commercial sources said on Tuesday that the Iraqi oil marketing company Sumo did not receive offers to sell Basra oil.
Sumo did not receive bids at an auction on the Dubai Mercantile Exchange to sell two million barrels of Basra's heavy crude, the sources said.
The sources pointed out that this indicates that the value of crude is still lower than the official selling price, according to Reuters.
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