Iraq's State Oil Marketing Organization (SOMO) announced that Iraq will set the official selling price of its October Basra medium crude oil to Europe at a discount of $4.85 to the spot price of Brent crude.

2026-09-13

Iraq's State Oil Marketing Organization (SOMO) announced that Iraq will set the official selling price of its October Basra medium crude oil to Europe at a discount of $4.85 to the spot price of Brent crude.