Tehran, Iran, Oct.28
Trend:
The supply of one million barrels of crude oil has started on the stock exchange on Oct.28, according to the Energy Exchange statement.
Four Iranian companies have deposited a 10 percent stake in Iranian light crude oil trading through the International Energy Exchange, a senior official in Central Securities Depository of Iran (CSDI), Fariba Akhavan told Fars news agency.
Three buyers are ready to attend the competition, one of which is a multinational company.
The highest ask price for 35,000 bpd crude oil is $62.4 per barrel. Another offer for the purchase of same amount of crude was at $ 61.85 per barrel, this is while the National Iranian Oil Company’s base rate was $79.15 per barrel.
After a while the National Iranian Oil Company reduced its announced base rate to $74.85 per barrel. The number of applicants for the purchase of oil also rose sharply.
The ask prices are between $61.85 and $69.82 per barrel.
One of the applicants purchased 8 cargos of 35,000 barrels of crude at $74.85. Two other applicants were demanding the purchase of 35,000 barrels of crude oil at $65.55 and $68.65 respectively.