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Saudi Aramco announced its September official selling price (OSP) to North America for its flagship Arab Light crude at $7.25 per barrel above the Argus Sour Crude Index (ASCI).
For buyers in West Europe and the Europe-Mediterranean, the Arab Light price differential was set at $5.80 and $4.50 above the ICE Brent, respectively, Aramco said in an emailed statement to Argaam.
The price of Arab Light crude grade to East Asia was set at $3.50 above the average of the Oman and Dubai benchmarks, as shown in the following table:
Arab Crude OSP for September ($/barrel) |
|||||
Region |
Super Light |
Extra Light |
Light |
Medium |
Heavy |
North America |
-- |
+9.40 |
+7.25 |
+7.95 |
+7.50 |
West Europe |
-- |
+7.40 |
+5.80 |
+4.60 |
+1.90 |
East Asia |
4.95+ |
+2.55 |
+ 3.50 |
+3.35 |
+1.60 |
Europe – The Mediterranean |
-- |
+6.30 |
+4.50 |
+3.50 |
+0.50 |
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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