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Iraq’s SOMO cuts OSPs for October-loading crude oil to Europe

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Iraqi state oil marketer SOMO lowered the official selling prices for October-loading of Iraqi crude oil shipped to Europe, according to a pricing notice emailed on Sept. 8. SOMO cut the European prices to minus $4.70/b for Basrah Medium OSPs to Dated Brent and minus $7.25/b for Basrah Heavy. Both OSPs were down by 80 ...

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