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Iraq sells 2m barrels of Nov Basrah Light crude oil

Oil pump
Iraq's State Oil Marketing Organization sold a Basra Light crude oil cargo via auction on the Dubai Mercantile Exchange on Monday

 Iraq's State Oil Marketing Organization sold a Basra Light crude oil cargo via auction on the Dubai Mercantile Exchange on Monday at a premium of 20 cents/b to the November official selling price, a source with knowledge of the matter said.

 

The 2-million-barrel cargo was destination restricted to Asia or Europe and was set to load over November 16-17, the source said to SPGlobal.

The last sale of Basra crude oil through the DME auction was in January this year when SOMO sold 2 million barrels of Basra Heavy crude oil.

Last Modified: Monday، 22 October 2018 04:09 PM
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