Sumo: reducing the prices of oil shipments to the U.S. and Asia

| On 2012-11-13 | Author Muhannad David | readings 6 |
سومو: تخفيض أسعار شحنات النفط لأمريكا وآسيا

Righteousness electronic / Baghdad

Declared the Iraqi Oil Marketing Company (SOMO) that "Iraq cut shipments December of Basra Light crude to U.S. buyers 60 cents to a level below $ 2.60 for Argus index, but raising the prices of shipments destined for Europe.

She traps that determine the price of Basra light crude for Asian buyers at a premium of five cents above the average of Oman and Dubai crude compared with the addition of 45 cents in the previous month.

She explained: As determined price of Basra crude for European buyers at least $ 3.85 for the spot price for North Sea crudes versus a discount of $ 4.30 in the previous month.


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