Saudi Aramco sets October’s official selling price of Arab crude

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: 

Aramco produces five grades of crude: Super Light, Arab Light, Arab Extra Light, Arab Medium and Arab Heavy, according to Argaam’s data. 

Source : Argaam