Traders expect Iran to do away with discounts Iranian crude around $8/b cheaper than other similar grades Iran could supply 1.75 mil b/d by August: S&P Global Iran’s state-owned National Iranian Oil Company was offering fewer cargoes to Chinese trading houses as it looks to keep barrels to sell directly to the market ahead of the potential lifting of sanctions, Chinese trading sources who deal with Iranian cargoes said on Feb. 28. Receive daily email alerts, subscriber notes & personalize your experience. Register Now “Iran is paving its way back to the market officially, which buyers are eagerly [looking forward to] to compensate for the possible reduction from Russia,” a Beijing-based analyst said, adding that the market generally expected NIOC to stop offering discounts on its crude once the sanctions are lifted. “Our reference case has long assumed an interim deal by April, but significant diplomatic progress in […]