July Loading Basrah News Today

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 ...

Oil prices are expected to remain under pressure in the week ended June 24 following heavy losses in the previous week ended June 17. Confidence in oil demand is holding up despite soaring inflation as fears of an impending recession kicked in. Front-month August ICE Brent crude futures stood at $112.35/b at 0215 GMT June ...