No. 44

29 July 1996


Iran Raises Price Of Heavy Crude For August

Iran's NIOC has increased the price formula for Iranian Heavy crude for August by 10 cents/B while leaving the formula for Iranian Light unchanged. Iranian Heavy for August will sell at Dubai minus 23 cents/B. Iranian Light will stay at Oman minus 12 cents/B, as it has since the start of the second quarter. Iran's pricing formulas for Japanese and other Far Eastern customers are set on a quarterly basis,...