Dubai Mercantile Exchange (DME) hosted its latest Auctions today (June 21) on behalf of Iraq’s National Oil Company, Somo. This included the first cargo of Basrah Heavy crude sold via DME Auctions.

A two-million barrel cargo of Basrah Heavy was awarded at a premium of $1.18 over the August Basrah Heavy Official Selling Price (OSP), while a two-million barrel cargo of Basrah Light was awarded at $0.22 above the August Basrah Light OSP. This was the third cargo of Basrah Light sold via DME. – TradeArabia News Service