Quantum Commodity Intelligence – The Iraqi State-owned Oil Marketing Organization (SOMO) lowered Official Selling Prices (OSP) for Asia in December and increased Dated Brent prices to Europe, according to a document sent to customers.
SOMO put the OSP for Basrah Medium, its main export grade, to Asia at Platts Dubai/Oman +$0.90/b compared to +$1.70/b for November, while Basrah Heavy to Asia of -$2.10 / was lowered to -3.25$/b. b.
Hikes largely followed the direction of OSP cuts…
