By John Lee.
Reuters reports that spot premiums for Basra Light crude hit a multi-year high on Thursday, after Iraq cut supply of the grade to export more of its new Basra Heavy oil in June.
Traders told the news agency that the premium for June-loading Basra Light surged to more than $1 a barrel to its official selling price.
Larger-than-expected volumes for new heavy grade depressed its differential to a discount against its OSP.
(Source: Reuters)
(Oil prices image via Shutterstock)
Deprecated: related_posts is deprecated since version 5.12.0! Use yarpp_related instead. in /srv/users/ibn/apps/ibn/public/wp-includes/functions.php on line 5323
Notice: Only variables should be assigned by reference in /srv/users/ibn/apps/ibn/public/wp-content/plugins/subscribe-to-comments/subscribe-to-comments.php on line 590
iraqsolidarity 22nd May 2015 at 13:32 #
Basra Light Premium hits Multi-Year High http://t.co/xN4E6fk3C0 #iraq
Notice: Only variables should be assigned by reference in /srv/users/ibn/apps/ibn/public/wp-content/plugins/subscribe-to-comments/subscribe-to-comments.php on line 590
dliraq 22nd May 2015 at 13:32 #
Basra Light Premium hits Multi-Year High: By John Lee. Reuters reports that spot premiums for Basra Light crud... http://t.co/KpA4Xm9aWD
Notice: Only variables should be assigned by reference in /srv/users/ibn/apps/ibn/public/wp-content/plugins/subscribe-to-comments/subscribe-to-comments.php on line 590
IraqDaily 23rd May 2015 at 08:15 #
Basra Light Premium hits Multi-Year High http://t.co/u0tB9L5WnD #Iraq