Iran Slashes Oil Prices to Asia Following Saudi Cut, Lowest Level Since December 2008

Wall Street Journal ^ | Oct. 10, 2014 | BENOÎT FAUCON

[thackney]

Iran has reduced its oil prices to Asia to its lowest level since December 2008, hard on the heels of a similar Saudi cut last week, people familiar with the pricing said Friday...

The National Iranian Oil Co. has cut its light crude oil price for Asian deliveries in November to a discount of 82 cents a barrel below the Oman/Dubai benchmark, the people said. The cut, which compares to a premium of 18 cents in October, is identical to a Saudi reduction of $1 a barrel last week for the Arab Light grade to Asia....

[isthisnickcool]

You make the common Free Republic mistake of assuming Islam is in control and forgetting the most important Arab trait...... business.

Re-read my post. I was all about business.

[SunkenCiv]

I tanked up at $2.939 yesterday.