BAGHDAD: Iraq raised the price of Basra light crude to U.S. buyers for May by 30 cents to a discount of $2.10 per barrel against the Argus (ASCI) benchmark and also raised prices to Europe and Asia, the State Oil Marketing Organisation (SOMO) said on Wednesday.
The May price for Asian buyers was set at a discount of 70 cents a barrel to the average of Oman/Dubai quotes versus a discount of $1.80 for the previous month.
The price of Basra crude for European buyers was set at a discount of $4.85 to the North Sea spot benchmark BFOE versus $6.25 below the benchmark the previous month. (Reuters)
