Alexander Stahel says the $28 discount to Dubai for Iraqi Basrah Heavy reflects FOB Iraq freight, not crude value. He estimates that is the cost to charter a VLCC such as Sinkor or Dynacom to move 2 million barrels on the TD3c Gulf route.
published
Alexander Stahel says the $28 discount to Dubai for Iraqi Basrah Heavy reflects FOB Iraq freight, not crude value. He estimates that is the cost to charter a VLCC such as Sinkor or Dynacom to move 2 million barrels on the TD3c Gulf route.
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