Iraq raises May Basra Light, Medium, Heavy crude prices to Asia

Iraq has raised the May official selling price (OSP) for Basra Light crude to Asia to Oman/Dubai plus $1.40 a barrel

  
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

Iraq has raised the May official selling price (OSP) for Basra Light crude to Asia to Oman/Dubai plus $1.40 a barrel, up $0.10 from the previous month, a pricing document showed on Monday.

The May OSP for Basra Medium crude was set at plus $0.60 above Oman/Dubai, up $0.50 from the previous month.

The May OSP for Basra Heavy crude was set at a discount of$0.90 to Oman/Dubai, up $0.50 from April.

(Reporting by Sumita Layek in Bengaluru; editing by David Evans) ((Sumita.Layek@thomsonreuters.com; Within U.S. +1 646 223 8780, Outside U.S. +91 8061822693; Reuters Messaging: Sumita.Layek.thomsonreuters.com@reuters.net))

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