Louisiana Light • 2 days | 85.15 | -1.06 | -1.23% | |||
Bonny Light • 1 day | 88.97 | +1.21 | +1.38% | |||
Opec Basket • 2 days | 84.98 | -0.94 | -1.09% | |||
Mars US • 147 days | 77.67 | -1.57 | -1.98% | |||
Gasoline • 13 hours | 2.721 | +0.049 | +1.82% |
Bonny Light • 1 day | 88.97 | +1.21 | +1.38% | |||
Girassol • 1 day | 88.90 | +1.44 | +1.65% | |||
Opec Basket • 2 days | 84.98 | -0.94 | -1.09% |
Peace Sour • 20 hours | 74.10 | -0.27 | -0.36% | |||
Light Sour Blend • 20 hours | 73.60 | -0.27 | -0.37% | |||
Syncrude Sweet Premium • 20 hours | 82.35 | -0.27 | -0.33% | |||
Central Alberta • 20 hours | 74.00 | -0.27 | -0.36% |
Eagle Ford • 2 days | 77.83 | -0.27 | -0.35% | |||
Oklahoma Sweet • 2 days | 78.00 | +0.00 | +0.00% | |||
Kansas Common • 2 days | 71.50 | -0.25 | -0.35% | |||
Buena Vista • 2 days | 84.55 | +3.95 | +4.90% |
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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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