Saudi Aramco cuts September prices of Arab Light to Asia: report

07/08/2020 Argaam

 

Saudi Arabian Oil Co. (Saudi Aramco), the world’s largest oil exporter, cut the official selling price for its Arab Light crude oil grade for Asian customers by $0.30 for September to a premium of $0.90 a barrel to the average of Oman and Dubai quotes, Reuters reported.

 

The official selling price (OSP) for September Arab Light to North Western Europe clients fell by $2.50 per barrel compared to the current month at a discount of $1.80 per barrel from Brent Crude price at Intercontinental Exchange.

 

Arab Light’s price to US clients remained unchanged at $1.65 premium to Argus index of high sulfur fuel oil (HSFO).

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