Buyers Still Not Mollified By Iraqs March Prices
As in the previous month, the crude oil price formulas setby Iraqs SOMO for March have dismayed buyers, particularly those purchasingIraqi crude for European and US destinations, who had been hoping forsignificantly more generous treatment. As regards the March formulas for the USand Asia, SOMO followed cent-for-cent the changes set for Saudi Arab Lightcrude of plus 10 cents/B and plus 20 cents/B respectively. For...
Please log in to read the rest of this story.
You may purchase access to entire MEES digital archives by subscribing. This subscription gives you access to all the content of MEES digital archives up to 1978!