National Iranian Oil Co., or NIOC, has raised its crude-oil official selling prices for June term supply to Northwest Europe and the Mediterranean, a person familiar with the situation told Dow Jones Newswires Wednesday.
National Iranian Oil Co., or NIOC, has raised its crude-oil official
selling prices for June term supply to
Northwest Europe
and
the
Mediterranean
, a person familiar with the situation told Dow
Jones Newswires Wednesday.
NIOC set the Iranian Light crude OSP to
Northwest Europe
at
$2.95 below the ICE BWave benchmark. The price for buyers in the
Mediterranean
was
set at a discount of $4.55 to the benchmark.
European buyers have cut back on their imports of Iranian crude in recent
months ahead of a European Union embargo that will come into effect July 1.
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