Saudi Aramco cuts September prices of Arab Light to Asia: report

07/08/2020 Argaam

 

Saudi Arabian Oil Co. (Saudi Aramco), the world’s largest oil exporter, cut the official selling price for its Arab Light crude oil grade for Asian customers by $0.30 for September to a premium of $0.90 a barrel to the average of Oman and Dubai quotes, Reuters reported.

 

The official selling price (OSP) for September Arab Light to North Western Europe clients fell by $2.50 per barrel compared to the current month at a discount of $1.80 per barrel from Brent Crude price at Intercontinental Exchange.

 

Arab Light’s price to US clients remained unchanged at $1.65 premium to Argus index of high sulfur fuel oil (HSFO).

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read