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Market Chatter: Iran Cuts August Light Crude OSP to Asia

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Iran will offer light crude oil at a discount to Oman/Dubai quotes to Asian buyers in August, Reuters reported Wednesday, citing the state-owned National Iranian Oil Company.

The country's official selling price for the grade is $4.35 per barrel lower than the average Oman/Dubai prices for next month.

Iran's official selling price for July for light crude oil was at a premium of $7.15 to Oman/Dubai prices.

Meanwhile, heavy crude oil is being offered at a discount of $6.50/bbl in August, the report said.

has reached out to the National Iranian Oil Company for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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