Saudi Aramco's tanks
Saudi Aramco announced today, Oct. 6, its November official selling price (OSP) to North America for its flagship Arab Light crude at $6.35 per barrel above the Argus Sour Crude Index (ASCI).
For buyers in West Europe, the Arab Light price differential was set at $0.90 per barrel versus the ICE Brent in November, the oil giant said in a statement obtained by Argaam.
Moreover, in Europe-The Mediterranean, the Arab Light price differential was set at $0.90 per barrel versus the ICE Brent, while the price of Arab Light crude grade to East Asia was determined at $5.85 above the average of the Oman and Dubai benchmarks, as shown in the following table:
|
Arab Crude OSP for November ($/barrel) |
|||||
|
Region |
Super Light |
Extra Light |
Light |
Average |
Heavy |
|
North America |
-- |
+ 8.20 |
+ 6.35 |
+ 6.15 |
+ 5.70 |
|
West Europe |
-- |
+ 2.70 |
+ 0.90 |
(1.30) |
(5.70) |
|
East Asia |
+ 9.15 |
+ 6.35 |
+ 5.85 |
+ 4.00 |
+ 2.45 |
|
Europe – The Mediterranean |
-- |
+ 3.00 |
+ 0.90 |
(1.20) |
(5.90) |
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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