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Eye of Riyadh
Environment & Energy | Friday 5 July, 2024 10:50 am |
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Saudi Aramco sets Arab Crude OSP for August

Saudi Aramco maintained August official selling price (OSP) for its flagship Arab Light crude to North America at $4.85 per barrel, above the Argus Sour Crude Index (ASCI).

 

 

 

The Arab Light price differential for buyers in West Europe has been set at $4.00 above the ICE Brent, according to an emailed statement from Aramco.

 

 

 

The Arab Light crude grade was priced $3.90 above the ICE Brent for Europe and the Mediterranean, while the price for East Asia was set at $1.8 above the average of the Oman and Dubai benchmarks.

 

 

 

Arab Crude OSP for April ($/barrel)
Region

Super Light

 

Extra Light

 

Light

 

Medium

 

Heavy

 

North America

--

 

+ 7.10

 

+4.85

 

+5.45

 

+ 5.10

 

West Europe

--

 

+ 5.60

 

+4.00

 

+ 3.20

 

+ 0.80

 

East Asia

+ 2.75

 

+ 1.60

 

+1.80

 

+ 1.25

 

+ 0.50

 

Europe – The Mediterranean

--

 

+ 5.60

 

+3.90

 

+ 3.30

 

+ 0.60

 

Aramco produces five grades of crude: Super Light, Arab Light, Arab Extra Light, Arab Medium, and Arab Heavy, according to Argaam data.

 

 

 

Source Argaam 

 

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