Platts to publish outright value of Iraq's Basrah Medium Asia OSP to three decimal points from July 3, 2023

Platts, a part of S&P Global Commodity Insights, will begin publishing the outright value of Iraq's Basrah Medium Asia crude oil official selling price to three decimal points from July 3, 2023.

Platts currently publishes the outright value of the grade's OSP to two decimal points.

The outright value of the grade's OSPs is calculated by adding its OSP differential, as issued by Iraq's SOMO, to the corresponding monthly average of the OSP benchmark, which is Platts Dubai and Platts Oman.

From July 3, the outright OSP of Basrah Medium Asia will be published to three decimal points under the symbol BSMAD00.

The Basrah Medium Asia outright OSP will be published alongside the existing OSPs of SOMO's other crude oil grades on Platts Global Alert page 1059.

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