Wed, 11 Feb 2015 15:24:58 GMT
OPEC producers lower oil prices for Asia in market share battle
Kuwait, Iran and Iraq supported Saudi Arabia in cutting oil prices for March sales to Asia, reinforcing a view that the battle for the share of OPEC's biggest market is increasing. Iraq's Basrah Light will sell crude at $4.10 a barrel below Middle East benchmarks, National Iranian Oil Co. stated a discount will be $2.10 a barrel and Kuwait Petroleum