$28 pricing to hire ships for Basrah Heavy pickup, Alexander Stahel notes

$28 pricing to hire ships for Basrah Heavy pickup, Alexander Stahel notes
$28 discount for Basrah Heavy crude

Alexander Stahel, founder / CIO at Commodity Private Equity Fund, describes a $28 discount to Dubai for Iraqi Basrah Heavy crude, noting that the offer is based on FOB Iraq terms.

He explains that the $28 represents the charter cost to hire a vessel such as Sinkor or Dynacom to transport the 2 million barrels from Iraq, referencing the standard TD3c tanker route in the Persian Gulf.

Stahel has recently reported on Nscale’s concealed reliance on ByteDance for its projected 2025 sales in IPO filings, as detailed in his previous coverage. He has also noted Oracle’s pledge to guarantee investor payouts for a New Mexico data center project even if power is not secured before opening, according to another report. These observations provide additional context to his ongoing market analysis.

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