OPEC producers lower oil prices for Asia in market share battle

Note: This section contains information in English only.
Source: Bloomberg
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 Corp. will trade with the discount of $4.10.
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Wed, 11 Feb 2015 20:00:10 GMT

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