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Source: Bloomberg 4/12/2012, Location: Asia
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Iran cut the premium on its light and heavy grades sold to Asia in May, according to a company official, mirroring Saudi Arabia’s price changes last week.
National Iranian Oil Co. priced its light crude at a premium of $2.66 a barrel to the monthly average of regional benchmarks Dubai and Oman, said the official, who declined to be identified because of company policy. The premium is down 35 cents from April.
Iranian Heavy (AOSPHVAS) and Forozan (AOSPFNAS) Blend were both cut by 10 cents to premiums of 79 cents a barrel and 97 cents a barrel, respectively. The following table gives differentials of Iranian crude supplied to Asia. Prices are in U.S. dollars a barrel.
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| Middle East Oil Supply - May 2013 |
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Oman >> 5/23/2013 - Middle East oil supply is believed remain steady in 2013 and drop 10 tb/d to average 1.49 mb/d, representing a downward revision of 10 tb/d from the p...
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| US Oil Supply – May 2013 |
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Austria >> 5/22/2013 - US oil production is forecast to increase by 0.59 mb/d to average 10.63 mb/d in 2013, the highest growth among all non-OPEC countries. This strong gro...
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| China Oil Trade - April 2013 |
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China >> 5/21/2013 - China’s crude oil imports rose slightly in March by 10 tb/d or 0.2% to average 5.5 mb/d, while refineries registered lower crude runs. In an annual co...
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| US Oil Trade in April 2013 |
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Austria >> 5/20/2013 - According to preliminary data, US crude oil imports in April were almost stable compared with last month’s level, averaging 7.7 mb/d, though they lost...
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| Saudis Cut March Crude Exports |
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Saudi Arabia >> 5/19/2013 - Saudi Arabia, Kuwait, and Venezuela reduced crude oil exports in March from the previous month while West African members of the Organization of Petro...
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