The Iraqi Oil Marketing Company (SOMO) announced that it set the official selling price for Basra Medium crude in June to Asia, at a discount of 15 cents from the average prices of Oman / Dubai.
It also set the official selling price for Basra Medium crude in June to Europe at a discount of $4.60 per barrel over Brent crude.
It also set the official selling price for Basra Medium crude in June for North and South America at a dollar discount from the Argus crude benchmark, which is sour. ( agencies )