Middle East
Iraq· BasrahIraq's SOMO sets November crude prices for Asia
Iraq's state oil marketer SOMO has announced the official November selling prices for Basrah Medium and Basrah Heavy crude to Asia, setting them at discounts to the Oman/Dubai average.
Background
Iraq, a major oil producer, relies heavily on oil exports for its economy. The State Organization for Marketing of Oil (SOMO) is responsible for marketing Iraq's crude oil. Global oil prices and production decisions significantly impact Iraq's revenue and economic stability.
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Iraq's oil marketer SOMO sets November crude prices for Asia
First report 7h agoLast update 6h ago1 takes 1
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started 7h ago•Last update 6h ago
Reports detail the specific discounts set by Iraq's SOMO for Basrah Medium and Heavy crude oil for November shipments to Asian markets.
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