Iraq has raised the February official selling price (OSP) for Basra Light crude to Asia by $0.45 to plus $2.55 a barrel against the average of Oman/Dubai quotes from the previous month, the State Oil Marketing Organization (SOMO) said on Friday.
Basra Heavy to Asia in the same month was priced at minus $1.05 a barrel to Oman/Dubai quotes, SOMO said in an e-mailed statement.
The February Basra Light OSP to the North and South American markets was set at the Argus Sour Crude Index (ASCI) plus $1.60 a barrel, up from the previous month and the price of Kirkuk to the U.S. increased to ASCI plus $0.70 a barrel.
For Europe, the February OSP for Basra Light fell by $1.55 to dated Brent minus $5.80 a barrel and the February Kirkuk OSP fell to minus $4.20.
Reporting by Asia Energy Desk
e-mail: asia.energy@thomsonreuters.com
