Iran won’t lower oil carriage price
Baku, Azerbaijan, Oct.7
By Fatih Karimov - Trend:
Iran won't lower oil carriage price even after oil prices dropped sharply in the international market.
National Iranian Tanker Company official, Hojjatollah Seyedan, said demand is still high in the market despite a sharp decline in prices, Iran's Mehr news agency reported on October 7.
Carriage costs are not in a direction link with oil prices, he added.
Saudi Arabia this week unilaterally lowered the price it charges for crude scheduled for delivery next month-without the typical consultation with other members of the Organization of the Petroleum Exporting Countries, according to OPEC officials.
The decision surprised many market watchers, who were expecting the Saudis to cut output to help boost prices, and sent prices hurtling lower.
Brent, the global oil benchmark, slid 1.2% Friday to $92.31, the lowest price since June 2012. Prices have tumbled 20% from their mid-June high.
The Saudi decision followed a similar move by the kingdom and Kuwait to lower prices for delivery this month, without informing other OPEC members, according to OPEC officials.