Iran Reduces Official Selling Prices for Crude Sold to Asia

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.

• Japan Oil Trade in April 2013 
• Canada and Mexico Oil Supply – May 2013 
• Iraq Vows Action Against Kurdistan Crude Sales 
• Middle East Oil Supply - May 2013 
• US Oil Supply – May 2013 
• Kurdish Oil Sales to Rise as Exports Reach Turkey 
• Hpcl to Buy up to 40,000 bpd of Basra From Total 
• China Oil Trade - April 2013 
• South Sudan Cuts Oil Output, Sees New Problems with Sudan 
• US Oil Trade in April 2013 

• OPEC Daily Basket Price Stood at $59.05 a Barrel 
• OPEC Daily Basket Price Stood at $59.76 a barrel 
• Balance of Supply and Demand - APR 12 
• 44 Countries Taking Part in Tehran Oil Show 
• Recruitment 
• Sourcing & Procurement 
• Accounting, Statistics 
• Risk Management 
• Investment 
• Asset Portfolio Management 
• Economics/Financial Analysis 
• Project & Resource Management 
• Mergers and Acquisitions 
• Training & Education 
• Acquisitions and Divestitures