‎Saudi Aramco sets December’s official selling price of Arab crude

‎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.