Iraq News - Local News - Baghdadpost

Iraq cuts Aug Basra Light crude OSP to Asia

Crude Oil - Pexels - Frans Van Heerden

Iraq has cut the August official selling price (OSP) for Basra Light crude to Asia by $0.35 to plus $1.75 a barrel against the average of Oman/Dubai quotes from the previous month, according to a pricing document released Tuesday.

Basra Heavy to Asia in the same month was priced at minus $0.60 a barrel to Oman/Dubai quotes, up 10 cents.