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Iran sells crude cheaper than market rate

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Iran sells crude cheaper than market rate

According to Bloomberg press report, Iranian regime is selling crude to his Asian customers for delivery in January with cheaper prices. Based on the report, Iranian regime is giving a discount of $1.80 for each barrel of light crude, and a discount of $3.50 per each barrel of heavy Iranian crude to its Asian customers. This amount of discount has been unprecedented in last 14 years. Bloomberg cited 4 well informed sources revealing this report. Bloomberg indicates that the Iranian regime refrained from responding to the news.