Rumor check: the widely-circulated '18/bbl discount' equals the July Basrah Heavy spot discount ceiling of 16.8–18.8/bbl — not an official price and already stale. Three-layer pricing (Asia direction): ① Official Selling Price — Medium -4.00, Heavy -7.30 vs Oman/Dubai average; ② Spot discount — Medium ~25–30, Heavy ~28 (further off OSP, Aug baseline; Sep Argus full table pending); ③ Load premium — Sep 1–10 ≥0.20, 11–30 ≥3.00/bbl (offshore STS transfer to bypass Hormuz, an add-on). Net FOB estimate: Medium ≈ -29 to -34/bbl, Heavy ≈ -35/bbl; the 30% government discount channel (effective Sep 1) can push lower, while mid-to-late month load premium adds ~3/bbl. Practical note: always quote in three layers — OSP differential + discount channel + load premium; omitting any layer risks error. Heavy (-7.30) sits deeper than Medium (-4). Confirm eligibility for the 30% channel (Iraq's new Sep 1 mechanism, details undisclosed). Chinese refiners have locked ≥16 million bbl of Sep Basrah crude (Rongsheng ~8M, Shenghong ~2M) — secure early. Data: Argus / chemicalsupdates / Reuters. As a bulk petrochemical trading service provider, SNSUC continues to offer market tracking, price consulting, and trade matching.