OPEC producer Iran has cut its Heavy crude price for export to the Mediterranean by a larger extent compared with top exporter Saudi Arabia as Tehran seeks to attract more buyers after sanctions were lifted. The region is one of the battlegrounds for Iran as it tries to reclaim market share lost in the last few years when western sanctions restricted Iranian crude imports. The March official selling price (OSP) for Iranian Heavy crude to the Mediterranean was set at $6.40 a barrel below the Brent Weighted Average (BWAVE), down 35 cents from the previous month, a source with knowledge of the matter said on Thursday. The OSP for comparative Saudi grade Arab Medium for sale to the same region fell by 20 cents over the same period. <OSP/SA> In Northwest Europe and South Africa, […]