Aramco’s oil tanks
Saudi Aramco set the December official selling price (OSP) for its flagship Arab Light crude in North America at $7.45 per barrel above the Argus Sour Crude Index (ASCI).
The Arab Light price differential for buyers in West Europe has been set at $4.90 above the ICE Brent, according to an emailed statement from Aramco.
The Arab Light crude grade was priced $4.40 above the ICE Brent for Europe and the Mediterranean, while the price for East Asia was set at $4.00 above the average of the Oman and Dubai benchmarks.
|
Arab Crude OSP for November ($/barrel) |
|||||
|
Region |
Super Light |
Extra Light |
Light |
Medium |
Heavy |
|
North America |
-- |
+9.60 |
+7.45 |
+8.15 |
+7.70 |
|
West Europe |
-- |
+6.20 |
+4.90 |
+3.70 |
+1.00 |
|
East Asia |
+5.45 |
+4.05 |
+4.00 |
+3.35 |
+2.00 |
|
Europe – The Mediterranean |
-- |
+5.80 |
+4.40 |
+3.40 |
+0.40 |
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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