Iran cuts Jan 2023 crude oil prices to Asia – sources

SINGAPORE (Reuters) – Iran has set the official selling price (OSP) of its Iranian Light crude oil grade for Asian buyers at $3.15 a barrel above the Oman/Dubai average for January 2023, down $2.20 from the previous month, two industry sources with direct knowledge of the matter said on Tuesday.

The table below shows January crude prices to Asia, as differentials to the Oman/Dubai average. All prices are in U.S. dollars.

GRADE Jan 2023 Dec 2022 CHANGE

IRANIAN LIGHT 3.15 5.35 -2.20

IRANIAN HEAVY 0.75 1.85 -1.10

FOROZAN 0.70 1.95 -1.25

SOROUSH -4.80 -2.30 -2.50

(Reporting by Muyu Xu; Editing by Tom Hogue)