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Saudi Aramco announced its October official selling price (OSP) to North America for its flagship Arab Light crude at $7.45 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 $5.70 and $4.40, respectively above the ICE Brent, Aramco said in an emailed statement to Argaam.
The Arab Light crude grade to East Asia was priced at $3.60 above the average of the Oman and Dubai benchmarks, as shown in the following table:
Arab Crude OSP for October ($/barrel) |
|||||
Region |
Super Light |
Extra Light |
Light |
Medium |
Heavy |
North America |
-- |
+ 9.60 |
+ 7.45 |
+ 8.15 |
+ 7.70 |
West Europe |
-- |
+ 7.30 |
+ 5.70 |
+ 4.50 |
+ 1.80 |
East Asia |
+ 5.45 |
+ 2.85 |
+ 3.60 |
+ 3.45 |
+ 1.70 |
Europe – The Mediterranean |
-- |
+ 6.20 |
+ 4.40 |
+ 3.40 |
+ 0.40 |
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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