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Iran Reduces Light Crude OSP to Asia to +5.35$/bbl

OIL

Iran set the December official selling price of Iranian Light crude to Asia at a +5.35$/bbl premium to the Oman-Dubai benchmark down from a premium of +5.65$/bbl last month.

  • Asia pricing vs Oman-Dubai:
    • Iranian Heavy at +$1.85/bbl vs +$2.60/bbl
    • Forozan Blend at +$1.95/bbl vs +$2.70/bbl
    • Soroosh at -$2.30/bbl vs -$1.15/bbl
  • OSPs differentials to Mediterranean:
    • Iranian Light at -$0.70/bbl
    • Iranian Heavy at -$4.25/bbl
    • Forozan Blend at -$4.35/bbl
  • OSPs differentials to Northwest Europe:
    • Iranian Light at -$0.35/bbl
    • Iranian Heavy at -$4.40/bbl
    • Forozan Blend at -$4.30/bbl

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