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Iran's NIOC Raises Far East Prices

Iran's NIOC has raised its prices for November deliveries to Far Eastcustomers by 10 cents/B for both Iranian Light and Heavy crudes. This is in linewith similar price rises for November by Saudi Aramco for Arabian Light andMedium crudes (MEES, 11 October). The FOB price formulas for Iranian crudedeliveries to Far Eastern buyers in November will be spot Oman minus 30 cents/Bfor Iranian Light (as against minus 40 cents/B in...