News ID: 240186
Published: 0402 GMT March 13, 2019

NIOC hikes all April Asia-bound crude price

NIOC hikes all April Asia-bound crude price

The National Iranian Oil Company has raised the official selling price differentials for all of its four crude oil grades loading in April and headed to Asia, a company source told S&P Global Platts on Wednesday.

For April, NIOC has raised the official selling price differential for its Iran Light crude destined to Asia by 35 cents per barrel to a premium of 75 cents per barrel over the average of Oman and Dubai crude assessments for the month.

NIOC has raised official selling price differentials for Iran Heavy and Foroozan crudes loading from Kharg Island in April by 30 cents per barrel each.

The Iran Heavy official selling price is now at a 45-cent-per-barrel discount to the average of Platts Oman and Dubai assessments in April, while the official selling price for Foroozan is now at a discount of 30 cents per barrel.

NIOC also upped the official selling price differential for its Soroosh crude heading to Asia in April, by 10 cents per barrel from March, the source said.

The Soroosh official selling price is now at a discount of $7.45 per barrel over Oman/Dubai.

   
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