SOMO plans to raise crude prices early next August

SOMO plans to raise crude prices early next August

Saturday, July 14, 2012 11:17

Translation / Baghdadiya News / .. announced that Iraqi oil marketing company SOMO, it plans to raise the price of Iraqi crude in early August next.
According to The Wall Street Journal, citing “Sumo”
That “Iraq is raising the prices of crude oil for the month of August to all buyers and added (SOMO) that he” has been raising the price of Basra light crude for delivery to Europe in August, an increase of $ 1.20 per barrel while the price of delivered crude to buyers Asians increased by $ 0.65 while crude rose Kirkuk to the European market in August, up $ 1.40 a barrel, as has been raising the price to U.S. customers for the month of August before. Ended / 21
Source: albaghdadianews