March 14, 2014 / 7:06 AM / 3 years ago

UPDATE 1-Iran cuts April Light crude OSP for Asia by 15 cents -trader

1 Min Read

(Updates April Forozan price in table)
    TOKYO, March 14 (Reuters) - Iran has set the official
selling price (OSP) of its light crude oil loading in April to
Asian buyers at $1.81 a barrel above the average of Oman/Dubai
quotes, a trader said on Friday, down 15 cents from the month
before.
    The table below shows April crude prices to Asia, as
differentials to the Oman/Dubai average.
    Prices for Soroush and Norouz are quoted as differentials to
Iranian Heavy. All prices are in U.S. dollars.
    
     Grade                  APRIL          MARCH
     IRANIAN LIGHT          +1.81          +1.96
     IRANIAN HEAVY          -0.51          -0.30
     FOROZAN                -0.36          -0.08
     SOROUSH             IH -6.20       IH -6.20
     NOROUZ              IH -6.20       IH -6.20

 (Reporting by James Topham; Additional reporting by Florence
Tan; Editing by Paul Tait and Subhranshu Sahu)

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