Basrah Light vs Arab Medium
Saudi Arabia (multiple fields)
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Iraq (Basra, Persian Gulf)
Medium/Sour
Regional (Middle East)
SOMO OSP (vs Dubai/Oman)
Basrah Light (Iraq)
Crude oil price, specifications and price history for Basrah Light from Iraq (Basra, Persian Gulf).
Price · USD/bbl
$108.39
■ 0.00(0.00%)
Updated
API gravity30.5°Medium
Sulfur2.9%Sour
Density0.872g/cm³
DeliveryBasra (Persian Gulf) terminals
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Basrah Light was priced at $108.39 per barrel on July 06, 2026. Basrah Light is a Medium, Sour crude (30.5° API, 2.9% sulfur) delivered at Basra (Persian Gulf) terminals, and traded on SOMO OSP (vs Dubai/Oman) as the main Regional (Middle East) benchmark. Over the last 30 days it ranged between $73.15 and $108.39.
Price analysis
Basrah Light price analysis
| Period | High | Low | Range % | Range · current $108.39 |
|---|---|---|---|---|
| 180 Days | 117.62 | 73.15 | 37.81% | |
| 365 Days | 117.62 | 66.77 | 43.23% |
Bars span $66.77–$117.62, the full 365-day range.
Daily prices
Recent price history
| Date | Price | Change | Change % |
|---|---|---|---|
| 66.77 | 0.00 | 0.00% | |
| 117.62 | +50.85 | +76.16% | |
| 117.62 | 0.00 | 0.00% | |
| 117.62 | 0.00 | 0.00% | |
| 117.62 | 0.00 | 0.00% | |
Full daily history since 2019 is available to subscribers.
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Price history
Basrah Light price history chart
Daily assessed price in USD per barrel.
- Last price
- –
- Period change
- –
- Period high
- –
- Period low
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Free view: last 30 price assessments. Subscribe for daily history back to 2019 and Excel export.
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| Date | Price (USD/bbl) | Change |
|---|
Crude quality
Technical specifications
Classification, chemical properties and trading details for Basrah Light.
Basic classification
- Grade name
- Basrah Light
- Classification
- Medium/Sour
- Region / field
- Iraq (Basra, Persian Gulf)
Chemical properties
- API gravity
- 30.5 °API
- Sulfur content
- 2.9%
- Density
- 0.872 g/cm³
- Pour point
- 18 °C
- Viscosity
- 9.8 cSt
Trading & logistics
- Delivery basis
- Basra (Persian Gulf) terminals
- Major exchanges
- SOMO OSP (vs Dubai/Oman)
- Export hub
- Al-Amiq Terminal, Khor al-Amaya, Mina al-Bakr
- Main destinations
- Asia, Europe
- Benchmark type
- Regional (Middle East)
Typical refinery yields
- Gasoline 18-22%
- Diesel 40-44%
- Jet fuel 08-10'%
- Residual fuel 22-28%
Key characteristics
Iraq's flagship crude, high residual content
Typical use / refining notes
High residual fuel content; used in complex refineries
FAQ
Basrah Light frequently asked questions
Quality, pricing and refining questions about Basrah Light.
Iraq's production recovery to 4.5+ million bbl/d has significantly increased Basrah Light availability, with exports reaching 2.2 million bbl/d and pressuring global medium sour crude pricing. The increased supply has enhanced Iraq's position as OPEC's second-largest producer while providing Asian refiners with additional feedstock options. Recovery from post-conflict lows demonstrates Iraq's potential to influence global crude balances, particularly in the medium sour segment where Basrah Light competes effectively.
Basrah Light offers Asian refineries attractive economics through significant discounts to sweet crudes ($6-10/bbl below Brent) while providing excellent middle distillate yields of 40-44% crucial for Asian diesel demand. Its medium gravity (31.4° API) matches Asian refinery configurations optimized for hydrocracking and desulfurization, while established supply relationships and competitive pricing create value for complex refineries with appropriate upgrading capacity.
More Basrah Light answers for membersThe complete FAQ is available to paid users.
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