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Iraq Raises Selling Prices of Basrah Light And Medium Crude Oil to Asia in May

Adel 12 April, 2021 5:43 pm Market Update

On Monday, a pricing document showed that Iraq raised the official selling price of Basra Light crude in May shipments to Asia to a premium of $1.40 per barrel to DME Oman futures, an increase of $0.10 over the previous month. According to Reuters.

The official selling price of Basra Medium crude in May shipments was set at $0.60 over DME Oman futures, up $0.50 from the previous month.

The official selling price of Basra Heavy crude in May shipments was set at a discount of $ 0.90 for DME, which is $0.50 higher than the previous month.

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