AI Summary
Logo of Saudi Aramco
Saudi Aramco set the official selling price (OSP) for its Arab Light crude for May delivery to North America at $14.60 per barrel above the Argus Sour Crude Index (ASCI).
For Western Europe, the Arab Light price was set at $27.85 per barrel above the ICE Brent price, the oil giant said in a statement received by Argaam.
The Arab Light crude grade was priced $27.65 above the ICE Brent for Europe and the Mediterranean, while the price for East Asia was set $19.50 above the average price for Oman and Dubai.
|
Arab Crude OSP for May 2026 ($/barrel) |
|||||
|
Region |
Super Light |
Extra Light |
Light |
Medium |
Heavy |
|
North America |
-- |
+ 15.95 |
+ 14.60 |
+ 13.40 |
+ 12.65 |
|
West Europe |
-- |
+ 29.45 |
+ 27.85 |
+ 27.05 |
+ 24.65 |
|
East Asia |
+ 21.15 |
+ 20.00 |
+ 19.50 |
+ 17.75 |
+ 16.40 |
|
Europe (Mediterranean) |
-- |
+ 29.35 |
+ 27.65 |
+ 27.05 |
+ 24.35 |
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 data.
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