The Crude Report: Iraq exports new Basrah Medium stream

Iraq’s state-owned marketer Somo has split the exports of key Iraqi Basrah crude from two into three grades, now Basrah Light, Basrah Medium (the newest classification) and Basrah Heavy, and also made adjustments in the quality of the Basrah Light and Basrah Heavy grades.  In this episode of The Crude Report, our Asia-Pacific and Middle East crude markets editor Azlin Ahmad talks with Singapore crude reporter Fabian Ng on how these changes are being received in the Asia-Pacific market and the demand for Iraq’s new Basrah Medium crude.