Saudi Aramco sets official selling price of Arab crude for September
- Date: 05-Aug-2023
- Source: Argaam
- Sector:Oil & Gas
- Country:Saudi Arabia
Saudi Aramco sets official selling price of Arab crude for September
Saudi Aramco announced its September official selling price (OSP) to North America for its flagship Arab Light crude at $7.25 per barrel above the Argus Sour Crude Index (ASCI).
For buyers in West Europe and the Europe-Mediterranean, the Arab Light price differential was set at $5.80 and $4.50 above the ICE Brent, respectively, Aramco said in an emailed statement to Argaam.
The price of Arab Light crude grade to East Asia was set at $3.50 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.