VOL. XXXIII

NO. 20

19-FEBRUARY-1990

Iran

Iranian Marketing Push Aggravates Oversupply of Sour Crudes

The crude oil market these days is beset by a fundamental dichotomy: on theone hand, a shortage of light sweet crudes deriving mainly from the AtlanticBasin; on the other, an oversupply of heavier sour crudes largely emanatingfrom the Gulf. The strength of light crude prices, such as WTI and Brent, isputting a firm floor under crude oil prices as a whole. But the oversupply ofheavier sour crudes is...