National Iranian Oil Co. has pegged oil prices for its crude at higher levels for most customers in August, matching a similar move by Saudi Arabia earlier in the month, despite tightening sanctions against the Islamic Republic's crude exports.
National Iranian Oil Co. has pegged oil prices for its crude at higher
levels for most customers in August, matching a similar move by
Saudi
Arabia
earlier in the month, despite
tightening sanctions against the Islamic Republic's crude exports.
Iran
posted its official selling price for Asian buyers of Iranian Light at $2.24
above the average of
Oman
and
Dubai
price
assessments for August, an increase of 70 cents from the previous month, a
company official said Tuesday.
The company also raised the price of Iranian Light to
Northwest
Europe
by 95 cents, even though a European Union embargo that came into effect
at the beginning of July prevents refiners in the region from buying Iranian
crude.
The sharp price increase to
Asia
and
Northwest
Europe
matches August price hikes published by
Saudi
Arabia
earlier in July.
Meanwhile, steady prices for Mediterranean customers were also in-line with the
prices set by state-owned Saudi Arabian Oil Co., or Saudi Aramco. The Kingdom
usually sets the price trend for Middle Eastern producers.
However, last month, the Iranian Light price increase was 2 cents smaller than
for Arabian Light for Asian buyers, a move seen as
Tehran
's
attempt to attract buyers, as fresh Western sanctions from July would hurt oil
exports.
NIOC set the Asian OSPs for Iranian Heavy and Forozan Blend at 81 cents and
$1.02 above Oman-Dubai respectively, both up 85 cents on month.
Earlier, Saudi Aramco also raised the price of rival Arabian Medium crude by 85
cents a barrel.
The OSPs for Soroosh and Norooz--for supply to
Asia
--were
set at $5.60 below Iranian Heavy.
Διαβάστε ακόμα
Τρι, 24 Σεπτεμβρίου 2024 - 19:58
Τρι, 24 Σεπτεμβρίου 2024 - 19:54
Τετ, 18 Σεπτεμβρίου 2024 - 18:32
Τετ, 18 Σεπτεμβρίου 2024 - 18:27
Τρι, 17 Σεπτεμβρίου 2024 - 20:01