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Iraq cuts Basrah light price to Asia
Iraq cuts Basrah light price to Asia
The Iraqi oil marketing company "Sumo" announced on Thursday the reduction of the official price of Basra light crude to Asia
In a statement, the company said in a statement that Iraq has reduced the official sale price of Basra light crude to Asia for September by 0.50 dollars from the previous month, to reach $ 0.15 a barrel below the average prices offered to Oman and Dubai.
The price of Basrah crude for Asia for the same month was set at a discount of $ 3.15 per barrel for the Amman and Dubai bourses. The official sale price of Basra light crude for shipments to North American and South American markets for September was set at a discount of $ 0.25 per barrel Without the Argos index for crude high sulfur, higher than the previous month.
The official price of Kirkuk crude for shipments to the United States was set at $ 0.55 per barrel above the Argus index.
With regard to shipments to Europe, the company pointed out that the official sale price of Basrah Light for September fell by $ 0.70 to Brent crude price of $ 4.80 per barrel, while the official sale price of Kirkuk crude for the same month to 3, $ 45 without Brent.
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