Iraq raised the official selling prices of its Basrah Light and Kirkuk crudes for delivery in September to Europe, the state marketing agency said.
Basrah Light was set at $2.50 a barrel less than Dated Brent, compared with a discount of $3.20 for this month, according to an e-mailed statement today. It increased the spread for Kirkuk blend by 50 cents to 65 cents a barrel less than the benchmark.
Details of Basrah and Kirkuk crude prices are as follows:
Prices for Asia are expressed as a differential to the average
of Oman and Dubai grades published by Platts, a unit of McGraw-
Hill Cos.

Grade            September     August        Change
Basrah Light     -$0.05        +$0.95        -$1.00
 
Prices for Europe are expressed as a differential to the Dated
Brent average published by Platts.

Grade            September      August       Change
Basrah Light     -$2.50         -$3.20       +$0.70
Kirkuk              -$0.65         -$1.15       +$0.50
 
Prices for the Americas are expressed as a differential to the
Argus Sour Crude Index published by Argus Media Ltd.

Grade            September       August       Change
Basrah Light     -$1.50          -$1.50       $0.00
Kirkuk             +$0.70          +$0.60      +$0.10
Source: Bloomberg