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Iraq raises May Basra Light, Medium, Heavy crude prices to Asia Iraq has raised the May official selling price (OSP) for Basra Light crude to Asia to Oman/Dubai plus $1.40 a barrel, up $0.10 from the previous month, a pricing document showed on Monday. The May OSP for Basra Medium crude was set at plus $0.60 above Oman/Dubai, up $0.50 from the previous month. The May OSP for Basra Heavy crude was set at a discount of$0.90 to Oman/Dubai, up $0.50 from April. Source: Reuters (Reporting by Sumita Layek in Bengaluru; editing by David Evans) 2021-04-14 ....
Here are some more selected news articles for the week ending 10 April 2021. Go here for Part 1. This is a feature at Global Economic Intersection every Monday evening or Tueday morning. Please share this article - Go to very top of page, right hand side, for social media buttons. Bakken crude to be rerouted in every direction if DAPL shuts | S&P Global Platts - Bakken Shale crude oil volumes would ship to the west, east and even up north into Canada and back into the US again as producers and pipeline operators target alternative routes if the Dakota Access Pipeline is shuttered, even temporarily, according to industry sources. A federal court could decide as soon as April 9 whether the Bakken Shale s main crude artery is forced to close, dispersing the volumes from the four-year-old, 570,000 b/d pipeline to other existing pipelines, lightly used crude-by-rail networks, and trucking routes, and widening Bakken crude price discounts. If the Energy Transfer-operate ....