More Mideast OSPs Cut

摘要

More Mideast oil producers have followed regional powerhouse Saudi Arabia in cutting official selling prices (OSP) for medium, sour grades for February loading. The cuts by Iran, Kuwait and Iraq were expected, as Mideast producers typically follow Saudi Aramco's lead. Iran, for example, pegs the differential on its export grades to Aramco prices every quarter pegging its own Iranian Light to Saudi Arab Light and Iranian Heavy to Saudi Arab Medium.