Stay updated with breaking news from Basrah Light. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Asian refiners were disappointed once again by Middle Eastern official selling prices, with a lower-than-expected reduction likely to drive the refiners to the spot market
Iraq’s oil exports, including volumes from the semi-autonomous Kurdistan region, rose 0.5% in December, despite an increase in its OPEC+ quota, according to oil ministry data and local shipping agents’ reports from Turkey’s Ceyhan terminal seen by S&P Global Platts. Total oil exports in OPEC’s second-biggest producer rose to 3.677 million b/d in December, from ...
Despite fears surrounding the COVID-19 variant Omicron, Saudi Arabia has decided to capitalize on strong crude demand in Asia by raising its OSPs once again
Bans on dealing in oil are a key feature of European, UK and US sanctions regimes targeting oil-producing countries (notably Iran and Syria).
The newly introduced Basrah Medium effectively overtook the once very popular Basrah Light and became the number one product sold in 2021