Saudi Aramco's tanks
Saudi Aramco announced its March official selling price (OSP) to North America for its flagship Arab Light crude at $6.65 per barrel above the Argus Sour Crude Index (ASCI).
For buyers in North West Europe and the Europe-Mediterranean, the Arab Light price differential was set at $0.50 abovethe ICE Brent, Aramco said in an emailed statement to Argaam.
The price of Arab Light crude grade to East Asia was determined at $2.00 above the average of the Oman and Dubai benchmarks, as shown in the following table:
|
Arab Crude OSP for March ($/barrel) |
|||||
|
Region |
Super Light |
Extra Light |
Light |
Medium |
Heavy |
|
North America |
-- |
+8.20 |
+6.65 |
+6.45 |
+6.00 |
|
West Europe |
-- |
+1.60 |
+0.50 |
(0.80) |
(3.90) |
|
East Asia |
+5.95 |
+2.25 |
+2.00 |
+1.60 |
(1.75) |
|
Europe – The Mediterranean |
-- |
+2.00 |
+0.50 |
(0.50) |
(4.40) |
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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