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Iraq Sets June OSP's

OIL

Iraq’s SOMO set the OSP for Basrah Medium to Asia for June at a $1/bbl premium to the Oman-Dubai average vs parity for May according to Bloomberg reports.

  • Basrah Heavy OSP set at -$1.95/bbl, compared with -$3.20 for May
  • To Europe for June, vs May: (vs Dated Brent)
  • Basrah Medium at -$3.35/bbl, vs -$5.15
  • Basrah Heavy at -$6.15/bbl, vs -$8.15
  • Kirkuk unchanged at -$1.15/bbl

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