A post by @FirstSquawk on X.
IRAQ SETS DECEMBERT BASRAH MEDIUM CRUDE TO ASIA AT $8.80/B DISCOUNT
@FirstSquawk on X
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Iraq set the December official selling price for Basrah Medium crude to Asia at a discount of $8.80 per barrel versus the Oman/Dubai benchmark. The pricing applies to Asia-bound cargoes for the month and follows Iraq’s monthly marketing cycle for its Basrah grades. The $8.80/b discount is the key signal for Asian refiners assessing the competitiveness of Iraqi medium sour crude against other Middle East supply. Traders will watch whether the December differential shifts demand for Basrah Medium relative to competing grades and whether Iraq adjusts pricing for other regions.
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Named in this story
Basrah Medium Crude, Iraq, Asia