Below is our deals for crude oil:
1. USA seller,
Now is only Russian crude oil available, the qtty is open, the price CIF, Brent minus 4$ per barrel or Rotterdam minus 4$.
2. Iraqi Crude oil,
Seller is SOMO, Iraqi oil marketing
A. Deal with condition that buyer must own refinery or Trader has 65% of refinery share.
B. Deal with No condition, just any oil company has the ability to buy. In this case, depends on the deal as qtty and discount and it is range from (3)$ to (7) $, FOB, Basrah terminal. For example, there is a deal now, 34 million bbl, Basra light crude oil with (3)$ discount FOB, All somo deals FOB there is No CIF from somo.
For any deal, some times we must have the buyer ready with LOI and Bcl or at least LOI, to hold the deal for us then we should provide other documents.
Generally:
For Europe the discount range
From 6-7$ and will be Net to the buyer around (5)$ to (5.5)$, FOB.
The difference is Iraqi group commission with somo personal.
For the UK from (8)$ to (9)$ discount, this is the total discount by then will tell us how much Iraqi group will take the commission and the rest to the buyer as a NET discount.
For USA buyer, this is best discount and depending on location in the USA, for example, it is starting from (10)$ and up to (18)$ or more, specifically in western Texas is the best ever!
