Iraq's State Oil Marketing Organization (SOMO) announced that Iraq will set the official selling price for its Basra medium crude oil to Europe in May 2026 at a premium of $20.45 per barrel over the current Brent crude.

2026-04-08

Iraq's State Oil Marketing Organization (SOMO) announced that Iraq will set the official selling price for its Basra medium crude oil to Europe in May 2026 at a premium of $20.45 per barrel over the current Brent crude.