Iraq cuts June Basra light crude prices to Asia

Iraq has raised the June official selling price (OSP) for Basra Light crude to Asia to Oman/Dubai plus $1.25 a barrel

  
General view of Nahr Bin Umar oil field, as workers spray disinfectant as a preventive measure against coronavirus, north of Basra, Iraq March 15, 2020. Image used for illustrative purpose.

General view of Nahr Bin Umar oil field, as workers spray disinfectant as a preventive measure against coronavirus, north of Basra, Iraq March 15, 2020. Image used for illustrative purpose.

REUTERS/Essam Al-Sudani

Iraq has lowered the June official selling price (OSP) for Basra Light crude to Asia to Oman/Dubai plus $1.25 a barrel, down $0.15 from the previous month, a pricing document showed on Monday.

The June OSP for Basra Medium crude was set at plus $0.40 above Oman/Dubai, down $0.20 from the previous month.

The June OSP for Basra Heavy crude was set at a discount of$1.30 to Oman/Dubai, down $0.40 from May.

(Reporting by Arpan Varghese in Bengaluru; Editing by Jan Harvey) ((arpan.varghese@thomsonreuters.com;))

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