A post by @FirstSquawk on X.
IRAQ SETS DECEMBER 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, according to a First Squawk post. The pricing applies to Asia-bound cargoes for the month and reflects Iraq’s monthly export pricing cycle for its grades. The Basrah Medium differential matters because it signals the competitiveness of Iraqi supply into Asia, the world’s largest crude-importing region. Traders will watch whether the $8.80 discount draws stronger Asian refinery demand and how competing Middle East producers price their own December barrels.
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Named in this story
Basrah Medium Crude, Iraq, Asia