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Iran raises November official selling prices to Asia

Published October 10, 2012 Updated October 10, 2012 10:04am
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By Imad Uddin
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crude-oilSINGAPORE: Iran has raised its official selling prices (OSPs) for November-loading crude to Asia, industry sources said on Wednesday.

The Middle Eastern nation raised the OSP for Iranian Light crude by 90 cents to $2.85 above Oman/Dubai quotes from a $1.95 premium in October.

The OSP for Iranian Heavy was raised to 5 cents above Oman/Dubai quotes, while that for Forozan was raised to 75 cents above Oman/Dubai, compared with a 5 cent discount in October.

Iran left OSPs of Soroush and Norouz grades unchanged at $6.10 a barrel discount to Iranian Heavy OSP for November, the sources said.

Copyright Reuters, 2012

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