Iran To Increase Its Oil Prices For Asian Buyers In March ...Middle East

Iran will raise the price at which it sells crude oil to Asia next month, Reuters has reported, citing an unnamed source. According to the source, Iran Light will sell for $2 per barrel above the Dubai/Oman average in March, which is a $0.20-per-barrel increase from the February price. The price of Iran Heavy will be raised to $0.35 above the Dubai/Oman average for March. This would be a change of $0.60 per barrel, from a discount to the Dubai/Oman average of $0.25 per barrel. The biggest price increase in Iranian crude will be seen by Pars crude,…

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