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OIL: Iran Raises Crude OSPs to Asia in Septmeber

OIL

National Iranian Oil Iran raised the Iranian Light crude OSP to Asia up $0.25/bbl in September to $2.35/bbl according to Bloomberg.

  • Iranian Heavy up to +$0.15/bbl in Sept. from +$0.10/bbl in Aug.
  • Forozan Blend to $0.3/bbl in Sept. from +$0.25/bbl in Aug.
  • Pars unchanged at -$0.95/bbl
  • Soroosh up to -$2.6/bbl in Sept. from -$2.70/bbl in Aug.
  • The higher price for Asian customers follows the small increase from Saudi Arabia earlier this month amid weak refining margins in Asia.

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