Louisiana Light • 2 days | 74.87 | +0.86 | +1.16% | |||
Bonny Light • 2 days | 76.57 | +0.93 | +1.23% | |||
Opec Basket • 3 days | 75.47 | -1.62 | -2.10% | |||
Mars US • 57 mins | 71.59 | -1.24 | -1.70% | |||
Gasoline • 11 mins | 2.602 | -0.011 | -0.41% |
Bonny Light • 2 days | 76.57 | +0.93 | +1.23% | |||
Girassol • 2 days | 79.08 | +1.14 | +1.46% | |||
Opec Basket • 3 days | 75.47 | -1.62 | -2.10% |
Peace Sour • 17 hours | 66.78 | +0.79 | +1.20% | |||
Light Sour Blend • 17 hours | 68.08 | +0.79 | +1.17% | |||
Syncrude Sweet Premium • 17 hours | 77.03 | +0.79 | +1.04% | |||
Central Alberta • 17 hours | 66.38 | +0.79 | +1.20% |
Eagle Ford • 2 days | 69.01 | +0.79 | +1.16% | |||
Oklahoma Sweet • 2 days | 69.00 | +0.75 | +1.10% | |||
Kansas Common • 3 days | 62.00 | +0.00 | +0.00% | |||
Buena Vista • 7 days | 76.40 | +1.64 | +2.19% |
Oil prices will not average…
Having won reelection, Erdogan may…
India’s privately owned Esser Oil has reportedly increased imports of Iranian oil by one-third in July and has renewed its deal with Iran for the purchase of 100,000 bdp in 2012-2013.
Despite the new deal with Iran, the company, which operates as a private refinery, said it would cut Iranian imports by 15% in accordance with a government directive.
Since April this year, Esser Oil has imported over 100,000 bpd from Iran, at a time when India’s overall imports of Iranian oil fell by more than 40% in July, with the onset of new US sanctions and the European Union’s decision to implement its own sanctions on 1 July.
China and India are Iran’s largest clients.
By. Joao Peixe of Oilprice.com
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