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Saudi Aramco announced its November 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 West Europe and the Europe-Mediterranean, the Arab Light price differential was set at $7.20 and $6.30, respectively above the ICE Brent, Aramco said in an emailed statement to Argaam.
The Arab Light crude grade to East Asia was priced at $4.00 above the average of the Oman and Dubai benchmarks, as shown in the following table:
|
Arab Crude OSP for November ($/barrel) |
|||||
|
Region |
Super Light |
Extra Light |
Light |
Medium |
Heavy |
|
North America |
-- |
+9.60 |
+7.45 |
+8.15 |
+7.70 |
|
West Europe |
-- |
+8.50 |
+7.20 |
+6.00 |
+3.30 |
|
East Asia |
+5.45 |
+3.35 |
+4.00 |
+3.45 |
+1.70 |
|
Europe – The Mediterranean |
-- |
+7.70 |
+6.30 |
+5.30 |
+ 2.30 |
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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