Home / Market Update / Iraq Raises Selling Prices of Basrah Light And Medium Crude Oil to Asia in May
Iraq
Iraq

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

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.

Check Also

U.S. Futures Hold Near Records as Shutdown Fails to Shake Rate-Cut Bets

U.S. stock index futures steadied on Thursday near record highs, with investors shrugging off the …