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Saudi Aramco announced its June official selling price (OSP) to North America for its flagship Arab Light crude at $5.65 per barrel above the Argus Sour Crude Index (ASCI).
For buyers in west Europe, the Arab Light price differential versus the ICE Brent was set above $2.10 per barrel in June, Saudi Aramco said in a statement obtained by Argaam.
Moreover, in Europe-The Mediterranean, the Arab Light price differential versus the ICE Brent was set above $1.90 per barrel, while the price of Arab Light crude grade to East Asia was determined at $4.65 above the average of the Oman and Dubai benchmarks, as shown in the following table:
|
Arab Crude OSP |
|||||
|
Region |
Super Light |
Extra Light |
Light |
Medium |
Heavy |
|
North America |
-- |
+7.00 |
+5.65 |
+4.95 |
+4.50 |
|
West Europe |
-- |
+5.60 |
+2.10 |
(0.10) |
(4.10) |
|
East Asia |
+5.75 |
+4.65 |
+4.40 |
+4.35 |
+3.00 |
|
Europe – The Mediterranean |
-- |
+5.60 |
+1.90 |
+0.20 |
(3.00) |
Aramco produces five grades of crude; the Super Light, Arab Light, Arab Extra Light, Arab Medium and Arab Heavy, according to Argaam’s data.
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