SUBSCRIBER NOTE: Platts amends pricing basis of Iran's Soroosh crude oil OSPs

S&P Global Platts has amended the pricing basis of its Iranian Soroosh crude oil OSPs for customers in Europe and Asia, to align with changes announced by the National Iranian Oil Company (NIOC).

State-owned NIOC announced to customers August 11, 2017 that, starting September 1, it will sell Soroosh crude as a differential to the daily weighted average of Brent trades (BWAVE) in Europe and versus the average of Platts Oman/Dubai in Asia.

The company previously priced Soroosh delivered into both Europe and Asia as a differential to Iranian Heavy.

Platts amendment to the pricing basis will keep the outright OSP assessments in line with NIOC's standard.

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