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OIL: Iraq Raises Crude Prices to Asia for February

OIL

Iraq has followed other Middle East producers in raising OSPs for Asian buyers for February, according to Bloomberg.

  • The Basrah Medium OSP to Asia is up to a premium of $0.05/bbl for February from a $0.6/bbl discount to the Oman/Dubai average for January.
  • The Basrah Heavy OSP to Asia rose to a discount of $3.2/bbl from a $3.7/bbl discount to the Oman/Dubai average for January.
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Iraq has followed other Middle East producers in raising OSPs for Asian buyers for February, according to Bloomberg.

  • The Basrah Medium OSP to Asia is up to a premium of $0.05/bbl for February from a $0.6/bbl discount to the Oman/Dubai average for January.
  • The Basrah Heavy OSP to Asia rose to a discount of $3.2/bbl from a $3.7/bbl discount to the Oman/Dubai average for January.