Iraq’s Oil Marketing Company (SOMO) kept its official selling price (OSP) for Basra Medium crude to Asia unchanged in May at minus $0.15 a barrel to the average of Oman/Dubai quotes, a price document reviewed by Reuters on Thursday showed.
The producer set the May Basra Heavy crude OSP to Asia at minus $3.40 a barrel to the Oman/Dubai quotes, 50 cents higher from the previous month.
Source: Reuters