Iraqi oil price for Asian markets reduced by $6 per barrel
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Baghdad (IraqiNews.com) – The price of Iraqi oil destined for Asian markets has seen a further reduction for December 2026 shipments, reflecting ongoing adjustments to official selling prices for crude in response to shifts in global oil markets.
Iraq’s State Oil Marketing Organization (SOMO) has decided to reduce the price of Basra Medium crude by $6 per barrel compared to the November pricing, setting the discount at $8.80 per barrel relative to the Oman/Dubai crude benchmark.
The reduct
Iraq’s State Oil Marketing Organization (SOMO) has decided to reduce the price of Basra Medium crude by $6 per barrel compared to the November pricing, setting the discount at $8.80 per barrel relative to the Oman/Dubai crude benchmark.
The reduct
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