Market Eye: Iraq's Launch of Basrah Heavy to Be Rough

摘要

Iraq took a major step toward the launch of its new Basrah Heavy crude with the release of its first official formula price amid continued questions about the grade's quality and availability. The launch of Basrah Heavy, originally expected for May loading cargoes, is likely to be a significant factor determining whether rising production from several southern Iraqi fields will make its way to international markets (IOD Apr.1'15).