Aramco’s oil tanks
Saudi Aramco maintained July official selling price (OSP) for its flagship Arab Light crude to North America at $4.75 per barrel, above the Argus Sour Crude Index (ASCI).
The Arab Light price differential for buyers in West Europe has been set at $3.10 above the ICE Brent, according to an emailed statement from Aramco.
The Arab Light crude grade was priced $3 above the ICE Brent for Europe and the Mediterranean, while the price for East Asia was set at $2.4 above the average of the Oman and Dubai benchmarks.
|
Arab Crude OSP for July ($/barrel) |
|||||
|
Region |
Super Light |
Extra Light |
Light |
Medium |
Heavy |
|
North America |
-- |
+7.00 |
+4.75 |
+5.45 |
+5.10 |
|
West Europe |
-- |
+4.70 |
+3.10 |
+2.30 |
(0.10) |
|
East Asia |
+2,95 |
+2.20 |
+2.40 |
+1.95 |
+1.20 |
|
Europe – The Mediterranean |
-- |
+4,70 |
+3.00 |
+2.40 |
(0.30) |
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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