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Platts plans assessments for Iraqi Basrah Light and Basrah Heavy crude

Oil price agency S&P Global Platts is proposing to start price assessments for Iraqi Basrah Light and Basrah Heavy crude oil cargoes on a free-on-board (FOB) Basrah basis from Nov. 1, the company said in a subscriber note on Thursday. These new assessments will be added to its existing prices for Basrah Light on a […]

Reuters reports:

Oil price agency S&P Global Platts is proposing to start price assessments for Iraqi Basrah Light and Basrah Heavy crude oil cargoes on a free-on-board (FOB) Basrah basis from Nov. 1, the company said in a subscriber note on Thursday.

These new assessments will be added to its existing prices for Basrah Light on a delivered U.S. Gulf Coast basis, the company, a unit of S&P Global Inc, said.