Saudi Aramco set March official selling price (OSP) for its flagship Arab Light crude in North America at $4.85 per barrel, above the Argus Sour Crude Index (ASCI).
The Arab Light price differential for buyers in West Europe has been set at $0.90 above the ICE Brent, according to an emailed statement from Aramco.
The Arab Light crude grade was priced $0.40 above the ICE Brent for Europe and the Mediterranean, while the price for East Asia was set at $1.50 above the average of the Oman and Dubai benchmarks.
|
Arab Crude OSP for March ($/barrel) |
|||||
|
Region |
Super Light |
Extra Light |
Light |
Medium |
Heavy |
|
North America |
-- |
+7.10 |
+4.85 |
+5.85 |
+5.40 |
|
West Europe |
-- |
+2.70 |
+0.90 |
+0.20 |
(2.50) |
|
East Asia |
+2.95 |
+1.50 |
+1.50 |
+0.55 |
(0.30) |
|
Europe – The Mediterranean |
-- |
+2.30 |
+0.40 |
(0.10) |
(3.10) |
Aramco produces five grades of crude: Super Light, Arab Light, Arab Extra Light, Arab Medium, and Arab Heavy, according to Argaam data.
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