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NIOC Cuts Sept. Asia-Bound Crude OSPs

NIOC Cuts Sept. Asia-Bound Crude OSPsNIOC Cuts Sept. Asia-Bound Crude OSPs

State-owned National Iranian Oil Company has cut the official selling price differential for all its crude oil grades loading in September from Kharg Island and bound for Asia, a company source said on Friday.

The September OSP differential for Iranian Light crude was cut by 80 cents/b from August to a premium of $1.20/b to the average of Platts Oman/Dubai crude assessments in September, S&P Global Platts reported.

The September Iranian Heavy crude OSP differential was cut by 60 cents/b from August to a discount of 90 cents/b to Platts Oman/Dubai, while the Forouzan crude OSP differential was cut by 75 cents/b on the month to a discount of 75 cents/b to Platts Oman/Dubai.

The Soroush OSP differential was lowered by 80 cents/b to a discount of $5.55/b to Oman/Dubai for September, the source said.

 

Aug. and Sep. Asia-bound Crude Price differences with Oman/Dubai and BWAVE (US$/Barrel)

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