Sunday, February 12, 2012

Iran Oil at $112

The average price for Iran’s heavy crude, country’s largest selling crude oil, reached $111.73 per barrel in January, an increase of nearly $5 per barrel over December prices. The prices for February are also expected to show an increase.


Anonymous said...

What's the point if Iran can't receive hard cash for their oil?

Anonymous said...

Nader, do you have a source for this info and please don't waste your time citing sources from Iran as 99% of the world does not trust any info from Iranian sources.

Thanks Dino

Anonymous said...

Pls read:

Anonymous said...

and Iran may not be able to continue to sell as many barrels...and when that happens may be driven to have to sell to the remaining customers at a discounted price.

the Chinese are waiting for that

Nader Uskowi said...


The average monthly prices and the production levels are compiled by OPEC for its members, and are used here as the source. There are of course ways to check the accuracy of these reports for longer periods of time, but for monthly reports the OPEC's are the only ones available.

Anonymous said...

Anon 8:35 AM

There are ways for Iran to receive hard cash even under heavy sanctions.

Anonymous said...

Shipping companies avoid doing business with Iran amid increasingly tight sanctions

--Maersk, Frontline, Teekay all say their ships are no longer stopping in Iran

--European refiners can still lift Iranian oil, but it is getting more expensive and more difficult

Anonymous said...

There are ways for Iran to receive hard cash even under heavy sanctions.----

yeah, pimping and selling drugs come to mind.