Business And Markets

7th Oil Offer on IRENEX Today

7th Oil Offer on IRENEX Today
7th Oil Offer on IRENEX Today

The seventh crude oil auction on Iran Energy Exchange will kick off on Monday noon in what would be the last attempt by the National Iranian Oil Company to sell crude oil on the stock market in the outgoing fiscal year that ends on Mach 20. 
It remains to be seen if buyers will come forward this time around as the country faces growing US restrictions on its oil exports. 
In the sixth oil offer on IRENEX earlier this month, NIOC set the base price at $59.63 per barrel and offered the commodity in cargos of 35,000 barrels each. The trading session, however, ended flat. 


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