No. 6



Iran Reduces Price Formulas Of Light And Heavy Crudes For March

Iran's NIOC has reduced the March price formulas for its Iranian Light and Iranian Heavy crudes by 15 cents/B and 10 cents/B respectively. Iranian Light will sell at Oman MPM minus 7 cents/B for March, while Iranian Heavy will sell at Dubai minus 13 cents/B. Iran's pricing formulas for Japanese and other Far Eastern customers are set on a quarterly basis, subject to monthly reopening in response...