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Iraq Narrows Oil Discount to Asia
Posted on 09 March 2015
Iraq’s State Oil Marketing Organisation (SOMO) has narrowed the discount for April crude deliveries to Asian buyers by the most since November 2011, according to Bloomberg.
Asian shipmentas are priced relative to the Dubai-Oman crude benchmark, published by Platts, the energy-information division of McGraw-Hill.
Basrah Light to Asia will sell at a discount of $2.80 to the benchmark, up from a discount of $4.10 last month.
(Source: Bloomberg)
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Posted on 09 March 2015
Iraq’s State Oil Marketing Organisation (SOMO) has narrowed the discount for April crude deliveries to Asian buyers by the most since November 2011, according to Bloomberg.
Asian shipmentas are priced relative to the Dubai-Oman crude benchmark, published by Platts, the energy-information division of McGraw-Hill.
Basrah Light to Asia will sell at a discount of $2.80 to the benchmark, up from a discount of $4.10 last month.
(Source: Bloomberg)
[You must be registered and logged in to see this link.]
