12.02.2016 - Iran prices oil lower than Saudi for Europe
Iran has revealed its oil prices to European buyers for the first time since sanctions were lifted against the Middle Eastern country. The most competitive pricing compared with Saudi Arabian supply in 21 months underscores its intention to win back market share. Iran Heavy, one of the country’s main export grades, will cost $1.25 a barrel less than Saudi Arabia’s most similar crude in March, notices from both nations’ state oil companies show...............................................Full Article: Source
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