AI Summary
Saudi Aramco's oil tanks
Saudi Aramco set the official selling price (OSP) for its Arab Light crude for August delivery to North America at $3.9 per barrel above the Argus Sour Crude Index (ASCI).
For Western Europe, the Arab Light price was set at $4.65 per barrel above the ICE Brent price, the oil giant said in a statement received by Argaam.
The Arab Light crude grade OSP was set at $4.45 above the ICE Brent for Europe - Mediterranean. In addition, the price for East Asia was set at $2.20 more than the average of the Oman and Dubai benchmarks, as shown below:
|
Arab Crude OSP for August 2025 ($/barrel) |
|||||
|
Region |
Super Light |
Extra Light |
Light |
Medium |
Heavy |
|
North America |
-- |
+ 5.95 |
+ 3.90 |
+ 3.70 |
+ 3.05 |
|
West Europe |
-- |
+ 6.25 |
+ 4.65 |
+ 3.85 |
+ 1.45 |
|
East Asia |
+ 2.95 |
+ 2.30 |
+ 2.20 |
+ 1.75 |
+ 0.60 |
|
Europe (Mediterranean) |
-- |
+ 6.15 |
+ 4.45 |
+ 3.85 |
+ 1.15 |
Aramco produces five density-based grades of crude oil: Super Light (greater than 40 degrees), Arab Extra Light (36-40), Arab Light (32-36), Arab Medium (29-32), and Arab Heavy (below 29), according to Argaam’s data.
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