BAKU, Azerbaijan, November 14. The National Iranian Oil Company (NIOC) has raised the price of light crude oil by $5.35 per barrel, while heavy crude oil by $1.85 per barrel for customers in Asia for December compared to November 2022, Trend reports citing the NIOC’s website.
The price of Iran’s light crude oil in the Omani and Dubai oil markets in December is expected to be $5.35 higher, while the heavy crude oil – $1.85 more than the previous price.
Also, the price of Iran’s light crude oil in the north-western European oil markets (Ice Bwave) in December is expected to be $0.35 lower, and the heavy crude oil – $4.40 less.
In addition, the price of Iran’s light crude oil in the Mediterranean Sea oil markets in December is expected to be $0.70 lower, and the heavy crude oil – $4.25 less than the previous price.
According to the NIOC, the price of Iran’s light crude oil in the South Africa oil markets in December is expected to be $0.35 lower, while the heavy crude oil – $4.40 less.
Reportedly, the price of a barrel of OPEC member countries crude oil is around $91. Iran is also a member of this organization.
According to the latest report OPEC, Iran's daily crude oil extraction in September decreased by 14,000 barrels and amounted to 2,557,000 barrels.
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