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Iran Increases April Asia-Bound Crude OSPs

State-owned National Iranian Oil Company has raised the official selling price differentials for all of its four crude oil grades loading in April and headed to Asia, a company source told S&P Global Platts Wednesday.

For April, NIOC has raised the OSP differential for its Iran Light crude destined to Asia by 35 cents per barrel to a premium of 75 cents/b over the average of Platts Oman and Dubai crude assessments for the month.

NIOC has raised OSP differentials for Iran Heavy and Forozan crudes loading from Kharg Island in April by 30 cents/b each. 

The Iran Heavy OSP is now at a 45 cents/b discount to the average of Platts Oman and Dubai assessments in April, while the OSP for Forozan is now at a discount of 30 cents/b.

NIOC also upped the OSP differential for its Soroosh crude heading to Asia in April, by 10 cents/b from March, the source said. 

The Soroosh OSP is now at a discount of $7.45/b over Oman/Dubai.

News No: 4021
Date: 2019/03/14 - 19:50
News Source: Financial Tribune

Crude OSP  Oil  Asia  NIOC  Forozan 

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