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Organisation of Petroleum Exporting Countries’

Organisation of Petroleum Exporting Countries’ latest

Al Bawaba
October 6th, 2011 - 08:19 GMT

Iran to export crude to Asia at record premium

National Iranian Oil Co is poised to set record price premiums for next month’s crude sales to Asia after increases by Saudi Arabia yesterday. The state oil company will raise the premium of Iranian Light for November shipment to $2.94 a barrel above the regional benchmark, which is an average of the Arabian Gulf Oman and Dubai grades, based on a formula linked to Saudi prices. This is up $1.05 ...
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