{"id":13484,"date":"2025-03-04T04:10:25","date_gmt":"2025-03-04T04:10:25","guid":{"rendered":"https:\/\/roydadnaft.ir\/English\/?p=13484"},"modified":"2025-03-04T04:10:25","modified_gmt":"2025-03-04T04:10:25","slug":"iranian-crude-oil-osp-for-march-announced-by-nioc","status":"publish","type":"post","link":"https:\/\/roydadnaft.ir\/English\/13484\/","title":{"rendered":"Iranian crude oil OSP for March announced by NIOC"},"content":{"rendered":"<div class=\"entry-content\" itemprop=\"description\"><p><span class=\"pre-content-text\"><a style=\"color: #0038a8;\" href=\"https:\/\/roydadnaft.ir\/English\/\">RoydadNaft &#8211; <\/a><\/span>\u00a0The National Iranian Oil Company (NIOC) has set the official selling prices (OSP) for Iranian crude oil in March. According to the company, Iran\u2019s light crude oil will be priced $4.35 above the benchmark price (Oman\/Dubai crude) for Asian customers.<\/p>\n<div class=\"item-body\">\n<div class=\"item-text\">\n<p dir=\"ltr\">The prices for various types of Iranian crude oil for the third month of 2025 were announced by the International Affairs Directorate of the NIOC.<\/p>\n<p dir=\"ltr\">Accordingly, Iran\u2019s light crude oil will be offered in Northwest Europe and South African markets at $1.85 above the ICE Brent benchmark in March.<\/p>\n<p dir=\"ltr\">Meanwhile, Iran\u2019s heavy crude oil will be priced $0.05 above the ICE Brent benchmark, and Iran\u2019s Forozan crude oil will be offered at $0.15 above the same benchmark.<\/p>\n<p dir=\"ltr\">In the Mediterranean market, Iran\u2019s light crude oil will be priced $1.95 above the ICE Brent benchmark, while heavy, and Forozan crude oils will be priced $0.15, and $0.05 below the ICE Brent benchmark, respectively.<\/p>\n<p dir=\"ltr\">Notably, the ICE Brent benchmark has been used to price Iranian crude oil in Northwest European markets this month. This benchmark is derived from the weighted average price of Brent crude on the London-based ICE exchange on days when more than 1,000 lots (equivalent to 1 million barrels of oil) are traded.<\/p>\n<p dir=\"ltr\">It is worth noting that this benchmark change has been implemented in the past due to regulatory adjustments or customer preferences and is not unprecedented.<\/p>\n<p dir=\"ltr\">\n<p dir=\"ltr\"><strong>Price hike for Asian clients<\/strong><\/p>\n<p dir=\"ltr\">Given that the benchmark price for crude oil in Asia is based on the average price of Oman\/Dubai crude, Iran\u2019s light crude oil will be priced $4.35 above the benchmark for the Asian market in March 2025. Meanwhile, Iran\u2019s heavy and Forozan crude oils will be priced $2.20 and $2.45 above the benchmark, respectively.<\/p>\n<p dir=\"ltr\">The International Affairs Directorate of the NIOC releases the selling prices for Iranian crude oil on a monthly basis.<\/p>\n<p dir=\"ltr\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/media.shana.ir\/d\/2025\/03\/03\/4\/467119.jpg?ts=1740989660000\" alt=\"Iranian crude oil OSP for March announced by NIOC\" width=\"734\" height=\"341\" \/><\/p>\n<\/div>\n<\/div>\n<div class=\"post-date no-social-btn post-updated\">Updated on<time class=\"updated dt-updated\" itemprop=\"dateModified\" datetime=\"2025-03-04T04:10:25+00:00\"> 4 March 2025<\/time><\/div><\/div>","protected":false},"excerpt":{"rendered":"The National Iranian Oil Company (NIOC) has set the official selling prices (OSP) for Iranian crude oil in March. According to the company, Iran\u2019s light crude oil will be priced $4.35 above the benchmark price (Oman\/Dubai crude) for Asian customers.","protected":false},"author":1,"featured_media":13485,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[47,22,36,19,16,35],"tags":[],"services":[],"class_list":["post-13484","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking-news","category-iran","category-lastnews","category-news","category-oil","category-topnews"],"_links":{"self":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/posts\/13484","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/comments?post=13484"}],"version-history":[{"count":0,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/posts\/13484\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/media\/13485"}],"wp:attachment":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/media?parent=13484"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/categories?post=13484"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/tags?post=13484"},{"taxonomy":"services","embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/services?post=13484"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}