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Iraq sets August Basrah Medium Crude OSP to Asia at minus USD 6.50/bbl to Oman/Dubai average

StockNow breaking-news AI analysis

Iraq's SOMO set significant discounts for August Basrah Medium OSPs amid recovering regional supply, competitive pressure from Saudi price cuts, and improving shipping conditions through the Strait of Hormuz.

News detail

Sets August Basrah medium crude OSP to Europe at minus USD 7.35/bbl vs dated Brent.

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