Saudi Aramco's storage terminals
Saudi Aramco announced today, Aug.4, its September official selling price (OSP) to North America for its flagship Arab Light crude at $6.15 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 $4.70 per barrel in September, the oil gaint said in a statement obtained by Argaam.
Moreover, in Europe-The Mediterranean, the Arab Light price differential versus the ICE Brent was set above $4.70 per barrel, while the price of Arab Light crude grade to East Asia was determined at $9.80 above the average of the Oman and Dubai benchmarks, as shown in the following table:
|
Arab Crude OSP for August ($/barrel) |
|||||
|
Region |
Super Light |
Extra Light |
Light |
Average |
Heavy |
|
North America |
-- |
+ 7.50 |
+ 6.15 |
+ 5.45 |
+ 5.00 |
|
West Europe |
-- |
+ 6.50 |
+ 4.70 |
+ 2.20 |
(2.20) |
|
East Asia |
+ 12.15 |
+ 10.95 |
+ 9.80 |
+ 7.75 |
+ 6.00 |
|
Europe – The Mediterranean |
-- |
+ 6.50 |
+ 4.70 |
+ 2.30 |
(2.40) |
Saudi Aramco produces five grades of crude: Super Light, Arab Light, Arab Extra Light, Arab Medium and Arab Heavy, according to Argaam’s data.
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