‎Saudi Aramco sets official selling price of Arab crude for March

‎Saudi Aramco sets official selling price of Arab crude for March

Saudi Aramco announced its March official selling price (OSP) to North America for its flagship Arab Light crude at $6.65 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 $0.50 abovethe ICE Brent, Aramco said in an emailed statement to Argaam.

The price of Arab Light crude grade to East Asia was determined at $2.00 above the average of the Oman and Dubai benchmarks, as shown in the following table:

Aramco produces five grades of crude: Super Light, Arab Light, Arab Extra Light, Arab Medium and Arab Heavy, according to Argaam’s data.