Singapore — State-owned National Iranian Oil Company has cut the official selling price differential for its Iranian Light crude grade loading in December from Kharg Island and bound for Asia, a company source told S&P Global Platts Thursday.
Receive daily email alerts, subscriber notes & personalize your experience.Register Now
NIOC has, however, raised the OSP differentials for its other three crude grades, namely Iranian Heavy, Forozan and Soroosh, loading in December from Kharg Island and headed to Asia, the source said.
December Iranian Light now stands at a premium of $1.30/b to the average of Platts' Oman and Dubai crude assessments for December, down 10 cents/b from November.
Meanwhile, the Iranian Heavy OSP differential to Asia in December has been raised 20 cents/b from November to a discount of 55 cents/b to Oman/Dubai.
The Forozan differential has also been raised 20 cents/b from November to a discount of 40 cents/b in December. The Soroosh OSP differential to Asia in December has been raised 40 cents/b to a discount of $5.50/b against Oman/Dubai.
--Eesha Muneeb, email@example.com
--Edited by Geetha Narayanasamy, firstname.lastname@example.org