Quantum Commodity Intelligence – Iraq’s state-owned oil marketing organization raised official selling prices for Asia in November while cutting premiums for Dated Brent to Europe, according to a document sent to customers.

SOMO put the OSP for Basrah Medium, its main export grade, to Asia at +$1.70/b at Platts Dubai/Oman, compared to +$1.40/b for October, while Basrah Heavy to Asia of -2.50 $/ was raised to -2.20 $/b. b.

The increases largely followed the direction of the OSP cuts…

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