Tehran, Iran, June 18
Trend:
Iran launched the third oil offering at the energy exchange (IRENEX); however there was no demand for the oil during the trading session.
Total of two million heavy crude oil barrels were offered at Iran Energy Exchange, but eventually there was no customer for it, Trend reports citing ISNA.
The minimum trade volume in the offering was 35,000 barrels with basic price of $59.59 per barrels. Total of 70,000 heavy crude oil barrels have been traded in the first oil offering on April 30.