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Iran lowers August light crude oil price to Asia

Tuesday, 23 July 2024 | 20:00

Iran has set the official selling price (OSP) for its light crude oil grade for Asian buyers at $2.10 a barrel above the Oman/Dubai average for August, state-owned National Iranian Oil Company (NIOC) said on Tuesday.

The August price is down $0.50 from the previous month.

The table below shows August crude prices for Asia, as differentials to the Oman/Dubai average. All prices are in U.S. dollars.
Source: Reuters (Reporting by Ashitha Shivaprasad and Sherin Elizabeth Varghese in Bengaluru)

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