Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
Iran ratcheted up its offense in the oil market after breaking a pricing tradition, signaling it's seeking to win market share at a time when rival producers are trying to forge a deal on freezing output.NIOC will also sell the Iranian Light grade to Asian customers at 60 cents below Middle East benchmark prices, a company official said Friday, asking not to be identified.The Iranian Heavy grade will sell in May to Asia at a discount of $2.60 a barrel to the Oman-Dubai average while the Soroosh variety's price was set at $5.65 a barrel below Iranian Heavy, according to the official.Iran, meanwhile, plans to boost production to 4 million barrels a day by the end March 2017, according to the nation's Shana news service, which cited Oil Minister Bijan Namdar Zanganeh.
FOLLOW THIS ARTICLE