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Iraq's oil expands competition with Saudi Arabia
1/12/2015
Twilight News / intensified competition among Saudi Iraqi oil and oil on the market share in Europe, where Iraq has made great discounts on oil, which will be sold there in the month of February (February next), the largest of the cuts made by Saudi Arabia, as is shown by the list of monthly prices for Iraq. It was not the cuts made by Iraq to Europe a surprise, as analysts were expecting the market to Iraq, Saudi Arabia followed what I did during the same month. As for the Asian markets has raised Iraq selling prices on its customers there in a similar move to what I did Riyadh, Iraq will continue to sell its oil to Asia in February at more competitive prices from Saudi Arabia as well. The Iraqi Oil Marketing Company "Sumo" in the list of prices for February it had increased the reduction of Basra Light crude to Europe by $ 1.6 per barrel, compared to prices in January (January), the current, while the raise oil prices of Kirkuk, about $ 1.9 per barrel during the same period. Based on these cuts will sell Iraq Basra in February contracts to Europe at the price of Brent crude Messaging minus $ 5.95 a barrel, after he sells in January, the current price of Brent minus $ 4.35 a barrel. She said, "Saudi Aramco" last week it increased deductions on the official selling price of crude in February to northwest Europe from $ 1.50 to $ 1.70, so that each buyer Arab light crude in Europe will get the oil price Brent less the US $ 4.65 a barrel, the lowest level since 2009.List "Sumo" rates and showed it at Asian prices increased by 30 cents, or $ 0.3 per barrel in February compared to January, bringing Asian clients will receive Basrah Light crude at a price equal to the average price of Dubai and Oman minus $ 3.70 a barrel.
Saudi Arabia raised the official selling price of shipments in February each raw materials they sell to Asia between 55 cents super light of Arabic, which is the finest types of oil it sells «Aramco», and 70 cents for heavy Arabic, which is lower quality species Arabia.
Seeks Iraq, facing a budget considerable financial pressure this year, with the decline in oil prices, to increase its oil exports after the return of the Kirkuk field of production and the conclusion of an agreement in principle between the Kurdistan region and Baghdad government, will allow for about 300 thousand barrels of Kirkuk oil to pass through the region to the port of Ceyhan in Turkey
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1/12/2015
Twilight News / intensified competition among Saudi Iraqi oil and oil on the market share in Europe, where Iraq has made great discounts on oil, which will be sold there in the month of February (February next), the largest of the cuts made by Saudi Arabia, as is shown by the list of monthly prices for Iraq. It was not the cuts made by Iraq to Europe a surprise, as analysts were expecting the market to Iraq, Saudi Arabia followed what I did during the same month. As for the Asian markets has raised Iraq selling prices on its customers there in a similar move to what I did Riyadh, Iraq will continue to sell its oil to Asia in February at more competitive prices from Saudi Arabia as well. The Iraqi Oil Marketing Company "Sumo" in the list of prices for February it had increased the reduction of Basra Light crude to Europe by $ 1.6 per barrel, compared to prices in January (January), the current, while the raise oil prices of Kirkuk, about $ 1.9 per barrel during the same period. Based on these cuts will sell Iraq Basra in February contracts to Europe at the price of Brent crude Messaging minus $ 5.95 a barrel, after he sells in January, the current price of Brent minus $ 4.35 a barrel. She said, "Saudi Aramco" last week it increased deductions on the official selling price of crude in February to northwest Europe from $ 1.50 to $ 1.70, so that each buyer Arab light crude in Europe will get the oil price Brent less the US $ 4.65 a barrel, the lowest level since 2009.List "Sumo" rates and showed it at Asian prices increased by 30 cents, or $ 0.3 per barrel in February compared to January, bringing Asian clients will receive Basrah Light crude at a price equal to the average price of Dubai and Oman minus $ 3.70 a barrel.
Saudi Arabia raised the official selling price of shipments in February each raw materials they sell to Asia between 55 cents super light of Arabic, which is the finest types of oil it sells «Aramco», and 70 cents for heavy Arabic, which is lower quality species Arabia.
Seeks Iraq, facing a budget considerable financial pressure this year, with the decline in oil prices, to increase its oil exports after the return of the Kirkuk field of production and the conclusion of an agreement in principle between the Kurdistan region and Baghdad government, will allow for about 300 thousand barrels of Kirkuk oil to pass through the region to the port of Ceyhan in Turkey
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