Iran Will Retain Oman/Dubai Price Base for Far East Crude Sales
Despite widespread speculation that - as a result of dissatisfaction over lowrealizations from Dubai/Oman spot values as compared with Brent or WTI - Iranmight shift its price formula base for Far East crude deliveries to a Brentlinkage, NIOC has now informed its Japanese customers that it will retain theDubai/Oman base for third-quarter pricing. However, NIOC has not yet indicatedwhat differential on...
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