Iraq's State Oil Marketing Organization (SOMO) announced that Iraq will set the official selling price for December Basra Medium crude oil to Europe at a discount of $2.95 to spot Brent crude oil; and the official selling price for December Basra Med

2025-11-09

Iraq's State Oil Marketing Organization (SOMO) announced that Iraq will set the official selling price for December Basra Medium crude oil to Europe at a discount of $2.95 to spot Brent crude oil; and the official selling price for December Basra Medium crude oil to North and South America at a discount of $1.35 to Argus Sour crude oil.