Page 4 - Basrah Medium News Today

The move comes in line with the decision of the Executive Council, relating to the taxi tariff, which was set to be determined monthly depending on the fuel prices.

The price of OPEC basket of thirteen crudes stood at US$104.85 a barrel on Monday, compared with US$103.89 the previous Friday, according to OPEC Secretariat calculations.

Iran is aiming to fill the void left behind by Russia in the European oil market if the Middle Eastern country can secure a deal with world powers over its

By Anthony Di Paola, Serene Cheong and Sharon Cho (Bloomberg) — Iran is aiming to fill the void left behind by Russia in the European oil market if the Middle Eastern...

Middle East oil exporters have made only slight upward adjustments to their OSPs in August as they adjust to demand destruction fears

The August’s new price of a litre of Super 98 petrol will be sold at Dhs 4.03 per litre in all fuel stations.

Middle East oil producers have raised prices of lighter crudes for August delivery, but remain somewhat cautious as fears of demand destruction continue to spook the markets

China’s Shanghai International Energy Exchange, or INE, said June 24 it would allow Iraqi crude Basrah Medium and Brazil’s Tupi for physical delivery against its existing crude futures contract, while removing Yemen’s Masila grade from the deliverable crude basket, effective immediately. The move brings to nine the number of crudes allowed to be delivered against ...

Iraqi Basrah crude is likely to face stiff competition in the current trading cycle as alternative grades from Russia and the West increasingly lure price sensitive buyers in Asia, sources told S&P Global Commodity Insights June 21. Earlier this month, Iraqi oil producer SOMO raised the July official selling prices of Basrah Medium and Basrah ...

Iraqi state oil marketer SOMO is considering signing crude sales contracts with new European buyers, SOMO’s director general said June 22, amid EU plans to ban seaborne oil deliveries from Russia in the wake of the latter’s invasion of Ukraine. SOMO said it has recently received a number of positive replies from European companies that ...