Basra Crude | Egypt Oil & Gas

Iraq Cuts Crude Supplies to Asia in July

Iraq’s Oil Marketing Company (SOMO) has made significant cuts in Basra crude supplies to Asia for the upcoming July as Iraq steps up efforts to comply with OPEC+ cuts.

SOMO Sells November Light Crude at Higher Premium

SOMO sold the 2 million barrels at a premium of a little more than $1 per barrel to its official selling price (OSP).

Iraq Fails to Sell Shipment of Basra Crude

Iraq failed to sell a cargo of two million barrels of Basra Heavy during an auction on the Dubai Mercantile Exchange yesterday.

Iraq to Auction 4M Barrels of Oil

Iraq will offer up to four million barrels of crude in a Platt’s auction this week.

Iraq to Shift Price Benchmarks for Asia

Iraq will adopt a new crude-oil benchmark for its Asian exports.

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