Our Network

Register for our free newsletter

 
 
Latest News

Iraq ups crude prices for US, Asia in November

The November price for Basra light crude for Asian buyers was set at a discount of $1.05.

1

October 11, 2010 1:22 by



Iraq has raised the official selling price of Basra light crude to U.S. buyers for November by 5 cents to $1.10 below the Argus (ASCI) benchmark, the head of State Oil Marketing Organisation (SOMO) said on Monday.

The November price for Kirkuk crude for U.S. refiners is at a premium of 40 cents over the ASCI benchmark compared to a premium of 35 cents the previous month, SOMO chief Falah al-Amri said.

The November price for Basra light crude for Asian buyers was set at a discount of $1.05 to the average of Oman/Dubai quotes.

The November price of Basra crude for European buyers was set at a discount of $2.30 to the North Sea spot benchmark BFOE versus $1.45 below the benchmark in October.



1

Tags: , , ,

1 Comment

  1. Lewis Shurtleff on February 5, 2012 9:07 am

    Really informative blog post.Really thank you! Cool.

     

Leave a Comment