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Saudi Aramco sets Arab Crude OSP for August
Saudi Aramco maintained August official selling price (OSP) for its flagship Arab Light crude to 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 $4.00 above the ICE Brent, according to an emailed statement from Aramco.
The Arab Light crude grade was priced $3.90 above the ICE Brent for Europe and the Mediterranean, while the price for East Asia was set at $1.8 above the average of the Oman and Dubai benchmarks.
| Arab Crude OSP for April ($/barrel) | |||||
| Region | Super Light
| Extra Light
| Light
| Medium
| Heavy
|
| North America | --
| + 7.10
| +4.85
| +5.45
| + 5.10
|
| West Europe | --
| + 5.60
| +4.00
| + 3.20
| + 0.80
|
| East Asia | + 2.75
| + 1.60
| +1.80
| + 1.25
| + 0.50
|
| Europe – The Mediterranean | --
| + 5.60
| +3.90
| + 3.30
| + 0.60
|
Aramco produces five grades of crude: Super Light, Arab Light, Arab Extra Light, Arab Medium, and Arab Heavy, according to Argaam data.
Source Argaam
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