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Iraq Raises Basrah Medium OSP to Asia to +1.70$/bbl

OIL

Iraq set the November official selling price of Basrah Medium to Asia at a +1.70$/bbl premium to the Oman-Dubai benchmark up from a premium of 1.4$/bbl last month according to SOMO.

  • Asia pricing vs Oman-Dubai:
    • Basrah Medium at +1.70$/bbl vs +1.4$/bbl in Oct
    • Basrah Heavy at -2.10$/bbl vs -2.5$/bbl in Oct
  • US and Americas pricing vs ASCI:
    • Basrah Medium at -2.00$/bbl vs -2.1$/bbl in Oct
    • Basrah Heavy at -6.05$/bbl vs -5.6$/bbl in Oct
    • Kirkuk at +0.30$/bbl unchanged from Oct
  • Europe pricing vs Dated Brent:
    • Basrah Medium at -9.2$/bbl vs -9$/bbl in Oct
    • Basrah Heavy at -13.95$/bbl vs -13.55$/bbl in Oct
    • Kirkuk at -3.6$/bbl vs -3.5$/bbl in Oct

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