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OIL: Iraq Raises Basrah Medium OSP to Asian Buyers to a $2.65/bbl Premium

OIL
Energy BulletsBulletCommodities

Iraq has followed Saudi Arabia in raising official selling prices for Asian buyers for March.

  • The Basrah Medium OSP to Asia is up $2.6/bbl to a $2.65/bbl premium to the Oman/Dubai average for March.
  • The Basrah Heavy OSP to Asia rose to a discount of $0.4/bbl from a $3.2/bbl discount to the Oman/Dubai average for February.
  • The Basrah Medium OSP to Europe is up to a $1.25/bbl discount vs Dated Brent compared to a $4/bbl discount in Feb.
  • The Basrah Medium OSP to the US is to a $0.65/bbl discount vs ASCI compared to a $1.05/bbl discount in Feb.
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Iraq has followed Saudi Arabia in raising official selling prices for Asian buyers for March.

  • The Basrah Medium OSP to Asia is up $2.6/bbl to a $2.65/bbl premium to the Oman/Dubai average for March.
  • The Basrah Heavy OSP to Asia rose to a discount of $0.4/bbl from a $3.2/bbl discount to the Oman/Dubai average for February.
  • The Basrah Medium OSP to Europe is up to a $1.25/bbl discount vs Dated Brent compared to a $4/bbl discount in Feb.
  • The Basrah Medium OSP to the US is to a $0.65/bbl discount vs ASCI compared to a $1.05/bbl discount in Feb.