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Iran lowers July light crude oil price to Asia

Tuesday, 25 June 2024 | 13:00

Iran has set the official selling price (OSP) for its light crude oil grade for Asian buyers at $2.60 a barrel above the Oman/Dubai average for July, state-owned National Iranian Oil Company (NIOC) said on Monday.

The July price is down $0.50 from the previous month.
The table below shows July crude prices for Asia, as differentials to the Oman/Dubai average. All prices are in U.S. dollars.

GRADE July June CHANGE
IRANIAN LIGHT +2.60 +3.10 -0.50
IRANIAN HEAVY +0.80 +1.10 -0.30
FOROZAN +0.90 +1.25 -0.35
SOROUSH -2.70 -2.65 -0.05
PARS -0.25 +0.10 -0.15
Source: Reuters (Reporting by Sherin Elizabeth Varghese in Bengaluru; Editing by Jacqueline Wong)

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