Asia to receive raised costs for Basra Light crude

Iraq increased the price of its Basra Light crude to Asian customers from August to $2.25 a barrel above the average of the Oman/Dubai crudes.

This is up from $1.45 a barrel above the Oman/Dubai average in July.

The August OSP for Basra Medium crude was set at $1.35 a barrel above Oman/Dubai for Asia, and the August OSP for Basra Heavy crude was set at a discount of $0.65 to the Oman/Dubai average.

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