March 16, 2022 - SINGAPORE, March 16 (Reuters) - ... of its Iranian Light grade for its Asian buyers at $4.70 a barrel above the Oman/Dubai average for April, up $2.05 from the previous month, two industry sources with direct knowledge of the matter said on Wednesday. The table below shows April crude prices to ...

November 18, 2020 - 17 with "test reports" of Basrah Light, Basrah Medium and Basrah Heavy. A senior official representative at SOMO confirmed the new crude specifications with Platts. The new grade, Basrah Medium, will have a specific gravity of around 27.9 API with a sulfur content of 3.00%. This makes it very akin in quality to Saudi Arabia's Arab Medium, which is of 27.8 API and 2.75% sulfur. Crudes such as Iranian ...

Energy Information Administration - EIA - Official Energy Statistics from the U.S. Government

October 4, 2024 - U.S. crude oil futures prices initially jumped more than 5 percent Tuesday morning when warnings about the pending Iranian missile strike filtered into the market — but prices quickly pared those gains after the attack, which saw most of the missiles destroyed before hitting their targets.

July 20, 2018 - Kuwait s newly launched Super Light crude oil is increasingly finding a home in Japan and South Korea as the grade has emerged as a possible alternative grade to Iranian condensate market sources said

February 22, 2024 - It is estimated that 400,000-700,001 bbl/d of crude production is lost annually due to declines in the mature oil fields. ... Iran oil reserves at the beginning of 2001 were reported to be about 99 billion barrels; however in 2002 the result of NIOC's study showed huge reserves upgrade adding about 31.7 billion barrels of recoverable reserves to the Iranian ...

April 10, 2018 - The spread between Iranian Light and Arab Light OSP differentials have narrowed in recent months, with the Iranian grade priced 10 cents/b above the Saudi crude for April-loading cargoes bound for Asia, compared with a premium of 15 cents/b the month before.

Home / Oil & Energy / Oil & Companies News / Iran raises March Iranian light crude price to Asia – source

April 11, 2014 - TOKYO, April 11 (Reuters) - Iran has set the official selling price (OSP) of its light crude oil loading in May to Asian buyers at $2.11 a barrel above the average of Oman/Dubai quotes, a trader said on Friday, up 30 cents from the month before. Officials at the National Iranian Oil Co did ...

October 2, 2024 - The oil market faces a rising risk ... and crude market analysts say. Israel could hit Iran's oil facilities in response for the Islamic Republic's ballistic missile attack. Prices could rise as a result, though OPEC has spare capacity that can cushion the market so long as the Strait of Hormuz is not disrupted. The Iranian flag above ...

February 11, 2019 - In the whole of 2018, U.S. supplies ... imports or equal to the levels of Iranian oil imports to Europe before the United States imposed fresh sanctions on Tehran. “U.S. crude is a real headache. It puts a lot of pressure on regional light grades....

July 3, 2024 - Iran’s oil minister Jawad Owji says the country is selling crude to 17 countries, including some in Europe, in spite of global sanctions.

Iran Sets January Iranian Light Crude Price To Asia At Oman/Dubai Plus $3.60/Bbl

February 18, 2017 - Iran has found shale oil reserves of 2 billion barrels of light crude in its western Lorestan province, a senior official at the state-run National Iranian Oil Company (NIOC) was quoted as saying on Saturday.

May 7, 2020 - Aramco also increased the OSP for its Arab light crude loading from Ras Tanura port in Saudi Arabia, as well as from Sidi Kerir port in Egypt to the Mediterranean, by $6.35 and $6.80 per barrel respectively, to a discount of $3.50 per barrel to ICE Brent. Saudi crude OSPs set the trend for Iranian, ...

May 9, 2023 - During the night of 6th December 1985 very large crude carrier (VLCC) NOVA, carrying 188,000 tonnes of Iranian Light crude oil, collided with ultra large cru...

October 4, 2024 - Though oil prices have surged this week on geopolitical tensions, they have risen from a low baseline.

October 1, 2024 - A direct conflict between Israel and Iran would raise the risk of oil supply disruptions, analysts say.

June 20, 2023 - Iran has increased Official Selling Prices for its flagship Iranian Light grade, as exports surged to multi-year highs in May...

January 15, 2023 - To evade sanctions, most of Iran's ... as crude from other countries, according to analysts including FGE. Iran in the past has said documents were forged to hide the origin of Iranian cargoes. Also, Iran last year expanded its role in Venezuela, also under U.S. sanctions, sending supplies of light oil for refining ...