Financial Tribune - The fourth offering of crude oil at Iran Energy Exchange ended with no deals on Monday, marking the second session of no trade after Iran offered oil on its stock market in October.

One million barrels of oil was on offer at a base price of $56.24 in cargoes of in cargos of 35,000 barrels. Buyers was required to buy at least one cargo and other conditions were the same as the previous round.

Ali Hosseini, managing director of IRENEX told Fars News Agency that "because of discrepancy" between buyers' demands and conditions put up by the National Iranian Oil Company, the oil offering did not produce the desired results.