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Iraq Cuts OSP's for January

OIL

Iraq’s OSP for Basrah Medium to Asia in January fell to a $1/bbl premium to the Oman-Dubai benchmark according to Bloomberg, down from a $1.80/bbl premium for December.

  • The Basrah heavy OSP to Asia in January is set at a -$1.90/bbl compared to -$1.60 in December against the same benchmark.
  • Iraq OSP’s also cut to Europe and the America’s.

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