Iraq cuts Sept Basra Light OSP to all regions
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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