Iraq has raised the official selling prices of its Basra Light and Kirkuk crude to customers in the U.S. and Asia and cut the prices for buyers in Europe, the State Oil Marketing Organization, or SOMO, said Thursday.
Iraq
has
raised the official selling prices of its Basra Light and
Kirkuk
crude
to customers in the
U.S.
and
Asia
and
cut the prices for buyers in
Europe
, the
State Oil Marketing Organization, or SOMO, said Thursday.
The price of Basra Light for delivery to
U.S.
buyers in October was raised $0.20 a barrel to $1.65 a barrel below the Argus
Sour Crude Index, or ASCI. It was $1.85 a barrel below ASCI in September, SOMO
said in a statement emailed to Dow Jones Newswires.
Basra Light crude's October delivery price to customers in
Europe
was
cut by $1.05 a barrel to $3.80 a barrel below dated Brent. In September it was
$2.75 a barrel below dated Brent, it said.
The October price of Basra Light to buyers in
Asia
was
raised by $0.65 a barrel above the average
Oman
and
Dubai
quotes. It was $0.15 a barrel above Oman/Dubai quotes in the previous month, it
added.
Kirkuk
crude destined for the
U.S.
market in October was raised $0.20 a barrel to $1.40 a barrel above ASCI
compared with $1.20 a barrel above ASCI the previous month.
For European customers, the October price of
Kirkuk
crude
was cut by $0.40 a barrel to $2.30 a barrel below dated Brent. In September it
was $1.90 a barrel below dated Brent, SOMO said.
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