Tag Archives | oil price

Iraq Ups Oil Prices for US and Asia, Drops Prices for Europe

Iraq’s State Oil Marketing Organisation (SOMO) has raised the official selling prices for its Basra Light and Kirkuk crude grades for October loading to the U.S. and Asia, but dropped prices to Europe. In common with some other countries, Iraq’s oil is priced relative to regional benchmark prices: For shipments to US, contracts are priced […]

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New Iraqi Oil Prices for October

Iraq’s State Oil Marketing Organisation (SOMO) has raised the official selling prices for its Basra Light and Kirkuk crude grades for October loading to the U.S. and Europe. In common with some other countries, Iraq’s oil is priced relative to regional benchmark prices: * For shipments to US, contracts are priced are relative to the […]

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New Iraqi Oil Prices for September

Iraq's State Oil Marketing Organisation (SOMO) has cut the official selling price for September shipments of its Basra Light crude to Asia, reducing the cost to its lowest level in eighteen months, while raising its price to the US. In common with some other countries, Iraq's oil is priced relative to regional benchmark prices: For […]

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