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Iraq cuts Basrah Medium crude rate to $1.30 discount for Asia amid ongoing oversupply concerns in oil market | Today News

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Iraq cuts Basrah Medium crude rate to $1.30 discount for Asia amid ongoing oversupply concerns in oil market | Today News

India

mint - news•Jan 11

Iraq cuts Basrah Medium crude rate to $1.30 discount for Asia amid ongoing oversupply concerns in oil market | Today News

Iraq has reduced the pricing of its Basrah Medium crude for Asian customers for February, days after Saudi Arabia lowered the cost of its flagship oil to buyers in the biggest market.State oil marketer SOMO...