News ID: 219662
Published: 0304 GMT August 10, 2018

Iran sets Sept. light crude price at $1.2pb over Oman/Dubai quotes

Iran sets Sept. light crude price at $1.2pb over Oman/Dubai quotes

National Iranian Oil Company has set the September official selling price (OSP) for Iranian Light crude to Asia at $1.20 a barrel above the average of Oman and Dubai quotes, 80 cents lower than the previous month, a source with knowledge of the matter said on Friday.

The September OSP for Iranian Heavy crude was set at 90 cents a barrel below Oman-Dubai quotes, while Foruzan's OSP is at 75 cents a barrel below Oman-Dubai quotes, the source said, reported Reuters.

Soroush September OSP was set at $5.55 a barrel below Oman-Dubai quotes, the report added.

NIOC cut prices for crude supplies to the West by 50 cents to $1.45 a barrel.

   
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