Iraq's State Oil Marketing Organization (SOMO) set December official selling prices for Basra Medium crude at a $2.10/bbl premium to the US Gulf Coast ASCI average for shipments to North and South America, and at a $9.85/bbl discount to spot Brent fo

2026-11-09

Iraq's State Oil Marketing Organization (SOMO) set December official selling prices for Basra Medium crude at a $2.10/bbl premium to the US Gulf Coast ASCI average for shipments to North and South America, and at a $9.85/bbl discount to spot Brent for shipments to Europe.