NIOC announces OSP for April
RoydadNaft – The National Iranian Oil Company (NIOC) has set Iran’s April crude oil prices, with Iran Light crude for Asian customers priced about $4 above the Oman/Dubai benchmark.
NIOC released prices for various Iranian crude grades for the fourth month of 2025. Accordingly:
– Iran Light crude in Northwest Europe and South Africa will be priced $1.75 above North Sea Brent.
– Iran Heavy crude in these markets will trade 5 cents below Brent.
– Iran Forozan crude will be priced 5 cents above Brent.
In the Mediterranean market:
– Iran Heavy and Forozan will sell for 40 and 35 cents below Brent, respectively.
– Iran Light will be priced $1.70 above Brent.
Iran’s oil prices for Asian clients
Since the benchmark in West Asia is the Oman/Dubai average, Iran Light crude for April 2025 will be priced $3.95 above this benchmark, slightly lower than the previous month. Meanwhile:
– Iran Heavy crude will be $1.90 above the benchmark.
– Iran Forozan crude will be $2.15 above the benchmark.
NIOC’s International Affairs Department publishes Iran’s monthly crude oil prices.
