Iraq's crude price against the Dubai benchmark

CALCULATED · 2026-08 · ON A PROVISIONAL READING

Provisional — from SOMO’s monthly statement. The statement gives rounded figures, so a price or daily rate derived from them is shown to the dollar and the ten thousand barrels; SOMO’s chart page, the typed record, replaces this reading the day it carries the month.

What Iraq actually got for a barrel against the Gulf benchmark its main grade is priced off. Below zero, Iraq sold under Dubai — discounts to keep buyers, distressed sales, or the grade mix; above it, the month leaned on barrels priced off a dearer benchmark.