Iraq increases Basra Light crude price to Asia in July

Iraq increased the price of its Basra Light crude to Asian customers to +$1.45/barrel above the average of the Oman/Dubai crudes in July

  
Image used for illustrative purpose. A worker is seen at the Zubair oilfield in Basra, Iraq May 9, 2018.

Image used for illustrative purpose. A worker is seen at the Zubair oilfield in Basra, Iraq May 9, 2018.

REUTERS/Essam al-Sudani

DUBAI- Iraq increased the price of its Basra Light crude to Asian customers to +$1.45/barrel above the average of the Oman/Dubai crudes in July, from +$1.25/bbl in June, according to a pricing document by state marking company Somo.

The official selling price of the Basra Light grade for European customers in July is set at -$2.85/bbl below dated Brent, up from -$3.25/bbl in June.

The Basra Light OSP in July for customers in the Americas is set at +$0.10/bbl over ASCI, down from +$0.20/bbl in June.

(Reporting by Maher Chmaytelli; editing by David Evans) ((maher.chmaytelli@thomsonreuters.com;))

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