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Iran’s NIOC hikes all June Asia-bound crude OSPs by 35-65 cents/b from May

State-owned National Iranian Oil Company raised the official selling price differentials for all of its crude oil grades loading in June and headed to Asia by 35-65 cents/b from May, a company source told S&P Global Platts Monday.

The June Iranian Light OSP differential is now at a premium of $1.65/b to the average of Platts Oman and Dubai crude assessments for June, the highest since August 2018 when it was at a premium of $2/b to Oman/Dubai.

The June Iranian Heavy OSP differential is at a premium of 15 cents/b, the highest since July 2014 when it was at a premium of 28 cents/b to Oman/Dubai.

The June Forozan crude OSP differential is at a premium of 30 cents/b to Oman/Dubai, while the June Saroosh crude OSP differential is at a discount of $6.85/b to Oman/Dubai.

The Forozan crude OSP differential was last higher in July 2014 when it was at a premium of 45 cents/b to Oman/Dubai, while the Saroosh crude OSP differential was last higher in December 2018 when it was at a discount of $5.50/b to Oman/Dubai.


Source: Platts

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