Saudi Aramco sets December’s official selling price of Arab crude
- Date: 06-Nov-2023
- Source: Argaam
- Sector:Oil & Gas
- Country:Saudi Arabia
Saudi Aramco sets December’s official selling price of Arab crude
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.
Aramco produces five grades of crude: Super Light, Arab Light, Arab Extra Light, Arab Medium, and Arab Heavy, according to Argaam data.