Iraq Cuts February Basrah Medium Crude to Asia to $1.30 Discount
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Iraq cut the pricing of its Basrah Medium crude for Asian customers in February, following a similar move by Saudi Arabia to lower the cost of its flagship oil to buyers in the biggest market.State oil marketer SOMO lowered Basrah Medium to a discount of $1.30 a barrel to the regional benchmark, compared with a discount of $1.05 in January, Bloomberg Terminalaccording to a pricing list.