Page 2 - Platts Oman News Today : Breaking News, Live Updates & Top Stories | Vimarsana

China’s state-run refineries, modern integrated plants embrace new Iraqi Basrah Medium crude China is poised to receive about 21 million barrels of the new Iraqi crude grade Basrah Medium by mid March, with most of these shipments expected to be processed by the country’s integrated refining complexes and newly built plants, according to latest shipping data and refining industry sources with close knowledge of the matter. In January, Iraq’s State Oil Marketing Organization introduced the new Basrah Medium grade to split Basrah Light into two crudes to support the stability of its crude...

Iraq’s SOMO raises March OSPs, with biggest hikes for Europe-bound crude Iraq’s State Oil Marketing Organization issued its March official selling prices, with a hike in differentials for all Europe-bound grades, while those for the US and Asia saw slight increases, according to a company notice dated Feb. 10. For Asian buyers, SOMO set the March OSP for the new Basrah Medium crude at a discount of 15 cents/b to the monthly average of Platts Oman and Dubai assessments, an increase of 10 cents/b from February. Iraq exported 891,000 b/d of the new Basrah Medium crude grade in January, compr...

Qatar raises February Marine, Land crude official selling prices Qatar Petroleum has set the February official selling price (OSP) for its Marine crude at 70 cents a barrel above the average of Platts Oman and Dubai quotes, up 50 cents from the previous month, a pricing document showed on Monday. The February OSP for Qatar Land crude was set at 40 cents a barrel above the Platts Oman/Dubai average, up 40 cents from the previous month, the document showed. Source: Reuters (Reporting By Shu Zhang; Editing by Edmund Blair) 2021-01-12

Page Not Found | ZAWYA MENA Edition