No. 11



Iran Links All Sales To Northwest Europe And South Africa To Dated Brent Benchmark

The National Iranian Oil Company (NIOC) has decided to link the prices for its sales of crude oil into Northwest Europe and South Africa to the dated Brent benchmark, rather than continue with its system of linking prices for different customers in those regions to either the dated Brent, Russian Urals or Oman/Dubai blend prices.

On 8 March NIOC announced that its price for...