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Saudi Aramco sets October’s official selling price of Arab crude
Saudi Aramco announced its October official selling price (OSP) to North America for its flagship Arab Light crude at $7.45 per barrel above the Argus Sour Crude Index (ASCI).
For buyers in North West Europe and the Europe-Mediterranean, the Arab Light price differential was set at $5.70 and $4.40, respectively above the ICE Brent, Aramco said in an emailed statement to Argaam.
The Arab Light crude grade to East Asia was priced at $3.60 above the average of the Oman and Dubai benchmarks, as shown in the following table:
Arab Crude OSP for October ($/barrel)
| |||||
| Region | Super Light
| Extra Light
| Light
| Medium
| Heavy
|
| North America | --
| + 9.60
| + 7.45
| + 8.15
| + 7.70
|
| West Europe | --
| + 7.30
| + 5.70
| + 4.50
| + 1.80
|
| East Asia | + 5.45
| + 2.85
| + 3.60
| + 3.45
| + 1.70
|
| Europe – The Mediterranean | --
| + 6.20
| + 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’s data.
Source : Argaam
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