Iran Lowers Official Crude Selling Prices for Asia in September
Iran cut September crude-price
differentials to customers in Asia, following a similar decrease
by Saudi Arabia, according to National Iranian Oil Co.
NIOC lowered Iran Light to customers in Asia by 80 cents
from August to $1.44 a barrel above the average of Middle East
benchmark Dubai and Oman crudes, said a company official, asking
not to be identified because of internal policy. Saudi Arabian
Oil Co. lowered its Arab Light oil by the same amount. NIOC
links its prices to those set by Saudi Aramco.
Iran Heavy was lowered by $1.20 to a discount of 39 cents a