Iraq ups May crude prices to US, Asia, cuts Europe

Iraq raised the price of Basra light crude to U.S. buyers for May by 10 cents to $1.90 per barrel below the Argus (ASCI) benchmark but cut prices to Europe, the State Oil Marketing Organisation (SOMO) said on Thursday. SOMO said the price for Basra light crude for Asian buyers was raised to a premium […]

Reuters reports:

Iraq raised the price of Basra light crude to U.S. buyers for May by 10 cents to $1.90 per barrel below the Argus (ASCI) benchmark but cut prices to Europe, the State Oil Marketing Organisation (SOMO) said on Thursday.

SOMO said the price for Basra light crude for Asian buyers was raised to a premium of $1.35 to the average of Oman/Dubai quotes.