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Saudi Arabia raises Arab light price to Asia

byCT Report
06/06/2016
in Latest News
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RIYADH: Saudi Aramco has raised the July price for its Arab light grade for Asian customers by $0.35 a barrel setting it at a premium of $0.60 to the Oman/Dubai average, it said on Sunday.

The state oil group lowered its July official selling price (OSP) for Arab light to north-west Europe by $0.35 a barrel to a discount of $4.80 a barrel to the Brent Weighted Average (BWAVE). The Arab light OSP to the United States was up $0.20 at plus $0.55 a barrel to the Argus Sour Crude Index (ASCI).

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