Iraq cuts Sept Basra Light OSP to all regions

Iraq has cut the official selling price (OSP) of its Basra Light crude for September cargoes to Asia, the United States and Europe

  
Image used for illustrative purpose. A worker wears a protective mask, following an outbreak of coronavirus, at Nahr Bin Umar oil field, north of Basra, Iraq March 15, 2020.

Image used for illustrative purpose. A worker wears a protective mask, following an outbreak of coronavirus, at Nahr Bin Umar oil field, north of Basra, Iraq March 15, 2020.

REUTERS/Essam Al-Sudani
LONDON, Aug 11 (Reuters) - Iraq has cut the official selling price (OSP) of its Basra Light crude for September cargoes to Asia, the United States and Europe, a document from state marketer SOMO showed on Tuesday.

SOMO set Basra Light OSP for Asia at Oman/Dubai quotes +$1.50 a barrel, down 60 cents from the previous month.

It cut prices to the United States by 10 cents to ASCI +$0.85 a barrel and sharply cut prices to Europe by $2 a barrel to Dated Brent minus $0.40.

(Reporting by Shu Zhang in Singapore, writing by Ahmad Ghaddar, editing by Louise Heavens) ((Ahmad.Ghaddar@thomsonreuters.com; +442075424435; Reuters Messaging: ahmad.ghaddar.thomsonreuters.com@reuters.net))

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